Global outsourcing in US business
In the recent years, we often heard about global outsourcing in US business.
Especially, when US economy was sluggish, one of major blames went for Global outsourcing, due to US job loss to overseas.
Q1) Global outsourcing, is it bad? because US manufacturing jobs went to China or India at the expense of US labors. (
Q2)Global outsourcing, is it good? because US business can take an advantage of cheaper foreign labors to survive like an introduction of new technology such as robot or computer or can attract insourcing from overseas.
Q3) Global outsourcing, is it ugly? because US business can exploit the sweat shops from overseas.
Q4) Global outsourcing, is it inevitable like new technology? The robot with artificial intelligence could replace human labors in the future.
Q5) Give us your personal verdict over Global outsourcing. Also do you think which direction of trade policy is better for the economic welfare of US as well as the rest of the world; one US policy makers continue to move US toward more open and global economy by promoting trade, or one US policy makers move US toward more closed and isolated economy by protecting US industries?
