05.05 Should Free Trade Be A Goal?
Courtney Hoffhine
May 12, 2016
Mr. Bolin
Economics and Financial Literacy Honors
05.05 Should Free Trade Be a Goal?
“The important thing about outsourcing or global sourcing is that it becomes a very powerful tool to leverage talent, improve productivity and reduce work cycles,” said Azim Premji
Outsourcing is a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally. A numerous amount of people are against outsourcing because it leads to more unemployment in America, but then turns around and allows outside country’s citizen to easily proclaim the same exact job they were doing. Larger companies or businesses tend to use outsourcing because it’s a cheaper way to get the job done outside of the United States then it is to have it done in the homeland, people working in America are usually payed more for the same task as workers in foreign countries, like Brazil, India, and China.
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When outsourcing to non-developed or developing countries, we give those countries the power to make their economies better. By shipping products and services to be made in foreign countries we are reducing prices of products that Americans demand and help the other nations at the same time.
Some companies who have had an interest in outsourcing would be a French IT company called Capgemini, which has expanded its horizons to different foreign countries over many years. Another would be the industry known as Sodexo, also a coordinating French company, that is a global food service industry. This industry has touched base in the United States, Africa, and many other countries. Many different braches of industries and companies like the Computer Science Corporation and Intercomp (Russian company) have all taken an interest in outsourcing and is now leading outsourcing
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