Outsourcing to Foreign Countries Essay Example | Topics and Well Written Essays - 1750 words

Outsourcing to Foreign Countries - Essay ExampleChanges in the way in which organizations conduct business have been rapid and wide-spread as the concept of outsourcing has been introduced. It is the inherent nature of the marketplace to increase efficiency within the workplace by constantly striving to produce the most products with the least economic consumption of resources. It is this concept that has driven many corporations to join in the globalization process, frequently outsourcing many of their activities and production processes to less developed countries in which this process is less costly and requires fewer restrictions, licensing, and/or controls. Global markets offer greater opportunity for people to tap into more and larger markets around the world. It means that they can have entre to more capital flows, technology, cheaper imports and larger export markets. Although the idea of a global market and outsourcing sounds like an ideal situation for the increased flow of goods and currencies throughout the world, as well as a possible solution for the redistribution of wealth into some of the worlds most destitute countries, in practice, this has meant that the governments of the advanced capitalist countries, along with the I.M.F., the World Bank, and the W.T.O., have increasingly sought to force other nations to adopt market economies, privatize public companies and resources, abandon labor and environmental regulations, reduce brotherly services, and embrace free trade and the free movement of transnational capital.