Outsourcing Jobs to Foreign Countries

Essay from the year 2007 in the subject Business economics - Supply, Production, Logistics, grade: 94.00, University of Phoenix, course: Effective Persuasive Writing, language: English, abstract: Outsourcing jobs to foreign countries helps American businesses compete in the global economy. As the world economy becomes less restrictive, U.S. businesses modify their business strategies to meet these new world challenges. These businesses must outsource to meet these challenges. The U.S. economy is in competition with the world economy. The globalized world economy has incorporated outsourcing or offshoring, a way of obtaining goods and services from an outside source, as a tool to become more competitive. Outsourcing has a direct bearing on a businesses productivity and profitability.