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The creation of sweatshops
Competition for jobs increases and wages go down.
Competition for jobs increases and wages go down
Dual economies are common in less developed countries, where one sector is geared to local needs and another to the global export market.
1. What do think are the bazaars important and have deep effect on a country promotion?
When companies outsource to developing nations, their communities benefit. They will eventually see their economy pick up because of the influx of money.
Outsourcing can have an effect on how businesses define fair labor practices. We know that the driving factor of outsourcing is cost efficiency and this can lead to sweat shops and slave labor wages. Outsourcing can induce unethical business practices that are not acceptable in the country where these businesses were built.
By outsourcing a job, you can get the same done at a much cheaper price,thereby reaping the benefit of cost reduction. In fact, in developed countries, where the overhead cost,wages are too high, outsourcing projects and get them done from third world countries like India, China have become a taboo inspite vehement protests from sons of the soil laborers/employees of those countries.
unemployment
The supply of workers has increased!
Well, it can positively effect some countries by making products more readily available at a cheaper cost due to it not costing as much to get the product to the country. It can also create job opportunities in developing countries. It can negatively affect countries by removing job opportunities that might have been available there had the product been produced in that country instead of outsourcing to another country.
improved communication
The creation of sweatshops
Primary is the main thing that happens. The side effect is what happens because of the Primary thing.
Based on some of the articles I have read, Offshore Outsourcing has a negative effect on the US economy. I have read that it promotes a high rate of turnover that has left thousands of Americans jobless.
Yes, in outsourcing you can save money because it is affordable and can also be cheap. Compared to the trainings, equipments, facilities that you are going to invest in just to do a certain function. Thus, increases your profit.
Competition for jobs increases and wages go down.