Offshoring
From Conservapedia
Offshoring is the movement of jobs by businesses offshore to foreign countries where labor rates are cheaper and there are fewer regulations. This is also known as "outsourcing" when the destination is offshore. Many manufacturing jobs move from the United States to foreign countries in this manner.
Possible effects of offshoring
Key battleground states for the 2008 Presidential Election include Ohio, Pennsylvania and Wisconsin.
Ohio lost 31,800 jobs in goods-producing industries between January 2006 and January 2007, including a loss of 21,900 jobs in manufacturing.[1]
Pennsylvania lost 200,000 manufacturing jobs between July 2000 and March 2007.[2]
Wisconsin lost 8,600 manufacturing jobs in the last year (Feb. 2006 to Feb. 2007).[3]
All three states punished Republican candidates in the November 2006 elections.
Experinces of Europe
Thanks to a large number of off shoring projects Europe has experienced a change in its entire economy, manufacturing has been largely moved to Asia but this has steadily been replaced by what is called "The knowledge based economy". Anti-Off shoring groups have hailed this as a catastrophe. Though this has not been borne out by Employment figures or GDP calculations.
It is important to note that there has been a strong backlash to this off shoring within the UK and some companies (National Westminster Bank (RBS), insurance firm Norwich Union, Aviva (Returning 150 out of 7000 jobs) and Powergen) reversing the decision within the UK.
BCS Site on Off shoring opportunities
Pro Off-shoring site read with reservations
Analysis of a trend of reversing off shoring
