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Outsourcing and Globalization

Outsourcing and Globalization . Key Terms. Outsourcing- Sending jobs from one nation to another to decrease costs for the business either through manufacturing costs, wages, taxes, etc.)

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Outsourcing and Globalization

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  1. Outsourcing and Globalization

  2. Key Terms • Outsourcing-Sending jobs from one nation to another to decrease costs for the business either through manufacturing costs, wages, taxes, etc.) • Globalization-Inter-consecutiveness of the world’s nations through economic, social, and political means. Idea merges theories of cultural diffusion with interdependence.

  3. Provides jobs to people in other countries Lower prices for consumers Bigger profit margins Lower costs of production Better, higher paying corp. jobs in US Loss of domestic jobs Weakens strength of domestic economy Less tax revenue for country Loss of power/ #’s in unions Plant Closings AdvantagesDisadvantages Outsourcing Advantages & Disadvantages for the Outsourcing Nation:

  4. Directions: In your notebook make a t-chart of the Advantages and Disadvantages that outsourcing has for India. (Clip 1-1:17) (Clip 2-2:39) (Clip 3-4:11) (Clip 4-2:58) (Clip 5-4:12) Advantages Disadvantages

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