'''Offshoring''' is the movement of jobs by businesses to foreign countries where labor rates are cheaper and there are fewer regulations. This is also known as "outsourcing." Many manufacturing jobs move from the United States to foreign countries in this manner.
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'''Offshoring''' is the movement of jobs by businesses to foreign countries where labor rates are cheaper and there are fewer regulations. Often times, this is done through an [[outsourcing]] company like Foxconn, though sometimes open up their own in-house plants offshore. Many manufacturing jobs move from the United States to foreign countries in this manner.