Nobody downloaded yet

Outsourcing is either harmful or beneficial for American economic - Essay Example

Comments (0) Cite this document
Yuan Lin English 3001-02 Instructor: Marina Sapozhnikov Oct.18, 2012 Outsourcing The connection and cooperation between groups, individuals, and communities are recognized for its importance. Economies and businesses are dependent on communication and exchange sources if they want to grow and perform well…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Outsourcing is either harmful or beneficial for American economic
Read TextPreview

Extract of sample
"Outsourcing is either harmful or beneficial for American economic"

Download file to see previous pages This activity assists companies in lowering their costs as the cost of production in US is quite high due to high cost of labor. With the economy development, more and more U.S companies would rather to choose outsourcing than the local service. To a certain extent, it is acceptable for America and American companies to be dependant on the labor of other countries. The activity of outsourcing of jobs conducted by US companies is not only beneficial for them, it is even beneficial for other nations because in these nations, there are low amount of jobs and the amount of salary they are paid is even low. Because its lower cost can help the U.S companies develop and can save the money for local customers. Also with more working positions are moving out of the country, there will create higher income jobs for local citizens. The several benefits associated with outsourcing of jobs include higher level of creativity in production, low cost of production, higher quality of service and increased number of jobs and wages for the workers of other nations. Outsourcing is a term used to refer to the act of obtaining goods and services from suppliers that are not located in nations that produce those goods and services. Murray Weidenbaum, a very famous economist and ex-chairman of President Regan’s Council of Economic Advisers, once announced that companies located throughout the US outsource their economic activities for several reasons. He feels that reasons for outsourcing include entrance into international markets, decrease the production cost, and to gain a competitive advantage while they compete in the global markets. The main benefit that a business within U.S obtains from outsourcing is the low cost of production as the product is produced at much lower cost in other nations as compared to the same product produced in the U.S. The U.S is importing raw materials from foreign nations, and the transfer of raw materials to the destination where they are used to produce goods may increase the cost of production. If U.S manufacturers open their production line in areas where they obtain their resources, they no longer have to worry about the cost of raw materials transportation, and can direct deliver their products from the industry. It will become more profitable for businesses. For example, if in U.S organizations are importing raw materials from China and producing goods in the U.S. They not only have to pay the cost of the shipment fee but also need to afford the high wages in the state. If the company decide to move the manufactory into China, the wages over there are much cheaper than the U.S and set China as a delivery center, and the company doesn’t need to pay for the raw material transportation fee and only needs to pay the shipment fee of production sale which the company always have to pay either they located the manufactory in China or U.S. With this decision making, the company can save lots of money from the labor and transportation fee, it can definitely help company to use the rest of money to expand the market and develop the company. Also once the company less their cost on producing the product, they would also cut down the price attract the consumers to make more sales revenue. Therefore the US companies are not the only one benefiting from outsourcing, even the consumer side is positively ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Outsourcing is either harmful or beneficial for American economic Essay”, n.d.)
Outsourcing is either harmful or beneficial for American economic Essay. Retrieved from https://studentshare.org/english/1458974-outsourcing-is-either-harmful-or-beneficial-for
(Outsourcing Is Either Harmful or Beneficial for American Economic Essay)
Outsourcing Is Either Harmful or Beneficial for American Economic Essay. https://studentshare.org/english/1458974-outsourcing-is-either-harmful-or-beneficial-for.
“Outsourcing Is Either Harmful or Beneficial for American Economic Essay”, n.d. https://studentshare.org/english/1458974-outsourcing-is-either-harmful-or-beneficial-for.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
As a result, outsourcing has been increasing in the healthcare industry over the recent years particularly in nuclear medicine, ophthalmology, dental services, radiology and imaging, and oncology. The increasing cost of technologically advanced equipments is the major factor enhancing outsourcing approach in the healthcare sector.
8 Pages(2000 words)Essay
Has NAFTA proven beneficial to the American economy Explain
As a party to the agreement Canada removed its conservative approach toward protecting business and took away many of the protectionist
3 Pages(750 words)Essay
Outsourcing prisoners to other countries
Review of previously conducted researches are expected to act as a guide in identifying possible hindrances, issues, benefits to the government and other units, and potential risk analysis.
8 Pages(2000 words)Essay
While in all markets executives think outsourcing is better for the world economy rather their own markets, the issue has become politically sensitive in America (P&P, 2004). The issue has become highly emotional
9 Pages(2250 words)Essay
The Implications of American Outsourcing
Truth can be found among both perspectives, but which one will lead to a healthier economic outlook for America's future Is outsourcing even the panacea Corporate proponents imagine it to be If it is the goal of American companies to maximize success both for themselves and their customer-base, outsourcing needs to be discouraged because: 1) continuing to do it in the midst of America's dismal unemployment rate is unethical, 2) it paints an unrealistic portrait of the potential of corporate profitability and 3) telecommuting is an equally cost-effective strategy a business can implement that provides employment within America's borders.
4 Pages(1000 words)Essay
Is Sex Education Beneficial or Harmful to Teenagers
Sex education is beneficial for teen agers and is a burgeoning need of today’s time and age. The transition from adolescence to teenage is a very crucial period that raises many questions in the minds of most teenagers. The body is undergoing various physical as well as hormonal changes in that time frame which arouses curiosity in teenagers.
2 Pages(500 words)Essay
This paper begins by defining outsourcing and then describing the different forms of outsourcing. Next it outlines why organizations opt to outsource and how they select what to or not to outsource. The paper then dwells on the advantages and disadvantages of outsourcing from two perspectives: from the point of view of a company and from the point of view of the country.
19 Pages(4750 words)Essay
Crisis in the Global Economy: Chances of Ending Globalization
Four to five billion people joined the global market economy when the Soviet Union fell apart, and China merged with the global trading system (Eckes, 2011, p.viii). This turn of events in history led to the epoch of deregulated capitalism spearheaded by one powerful nation, and that is the United States (Eckes, 2011, p.viii).
12 Pages(3000 words)Essay
The Invisible Heart: An Economic Romance

The author of the paper states that one of the stronger points of Sam’s worldview is that he doesn’t view money as some kind of ultimate end as economists are sometimes accused of doing. He believes that money is only a means toward the end of enjoying one’s own freedom and experiencing life to the fullest.

8 Pages(2000 words)Essay
The Economic Impact of Outsourcing
Outsourcing provides them with a way to drastically cut their costs while still being able to maintain consistent quality and retaining their customer base. Outsourcing was identified as one of the biggest trends to improve efficiency in the banking industry for the year 2009, towards the end of the financial crisis of 2008.
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Outsourcing is either harmful or beneficial for American economic for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us