1. Outsourcing American Businesses
If the United States enacts protectionist laws against offshoring, other countries will pass similar laws and the American economy will suffer. ... It makes financial sense to manufacture in countries where salaries for low skill workers are low. ... When businesses outsource, they can develop networks in new countries. ... Outsourcing production to an offshore manufacturer, which can keep factories working full-time 24 hours a day by producing goods for a variety of businesses, can significantly reduce costs, especially if the manufacturer is located in a low wage country. ... The probl...
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- Grade Level: Undergraduate