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Yes, outsourcing a job means moving an entire office to a place where labor costs are lower, such as "third world" or "emerging economy" countries.

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In the past few decades advancements in and fewer barriers to trade have resulted in increased globalization?

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Outsourcing is a global phenomenon and a key player in many economies the world over. Many analysts say that outsourcing helps connect businesses to connect globally, where it helps sustain the macroeconomic environment.


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How outsourcing helps companies?

There are lots of long term benefits for companies that are with outsourcing. An outsourcing can save companies money in a variety of ways but should be implemented wisely in order to avoid public relations problems and loss of quality control. It will also increased the productivity and efficiency of the business and reduce labor costs.


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What are the benefits of EDI outsourcing for a business?

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Why globalization is important in business world?

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