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Flashcards in Outsourcing Deck (6)
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1

What is outsourcing?

Taking manufacturing or service jobs from high wage economies to lower wage economies

2

What are the consequences usually of outsourcing for the original country?

Negative

3

How does loss of jobs negatively impact the country?

Unemployment means their is less spending in economy, services close down

4

What does the closure of manufacturing companies lead to?

The closure of local suppliers - areas go into decline

5

Why are countries often ill equipped for certain jobs?

The high skilled workers have been outsourced

6

Case study example of outsourcing?

China in Apple