Outsourcing & Global Economy

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Issue:

Miscellaneous

 

Written by:

Linda K

 

Date added:

July 8, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 671

 

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3253 times

 

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Essay content:

Many companies look to employ expert organizations in the areas targeted for outsourcing. Business segments typically outsourced include Information Technology, software devolopment, web design and biological research. The term 'outsourcing' became more well known largely because of a growth in the number of high-tech companies in the early 1990s that were often not large enough to be able to easily maintain large customer service departments of their own...
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And "[T]he trend is not surprising." Because "[A]merican companies are under pressure to reduce costs, and foreigners can do a lot of high-tech jobs more cheaply than they can be done here." That's why a lot of americans are losing their jobs to the foreigners like the people of India and China. And for this reason, american living standards is sinking...
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