Outsourcing Its Impact

The effects of outsourcing in today's economy

Effects on People

Being an expatriate

Breaking the language barrier

Culture Shock

Outsourcing and people dynamics: Impact on company

Effects on Economy

Capital flows

Impact on technology

Global management and outsourcing

The effects of outsourcing in today's economy

Outsourcing has become an increasingly popular business strategy for transnational organizations. Many of the U.S. corporations started outsourcing their manufacturing operations since late 1980s. This was due to the potential advantages, both from an economic as well as regulatory perspective that business operations in foreign lands provided to these businesses. Initially, the U.S. firms running in financial troubles chose to set their cost intensive operations abroad such as manufacturing and call centers in low cost countries. Gradually, when the cost benefits were realized, other companies from various industrial sectors also strengthened this trend of outsourcing. Pharmaceutical industry was the first to witness...
[ View Full Essay]