Difference between revisions of "Offshoring"
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| − | Offshoring is the movement of jobs by businesses offshore to foreign countries where labor rates are cheaper and there are fewer regulations | + | '''Offshoring''' (also known as '''outsourcing''') is the movement of jobs by businesses offshore to foreign countries where labor rates are cheaper and there are fewer regulations. Many manufacturing jobs move from the United States to foreign countries in this manner. |
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== References == | == References == | ||
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<references/> | <references/> | ||
Revision as of 21:19, July 13, 2007
Offshoring (also known as outsourcing) is the movement of jobs by businesses offshore to foreign countries where labor rates are cheaper and there are fewer regulations. Many manufacturing jobs move from the United States to foreign countries in this manner.