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Definition. Global outsourcing is the practice of hiring external organizations or individuals in different countries to perform specific business functions, often to reduce costs and improve efficiency.
Outsourcing has notable social implications for employment in developed countries, primarily leading to job displacement in certain sectors. As companies transfer jobs overseas to reduce costs, many domestic workers face layoffs or reduced job opportunities.
Outsourcing creates a dynamic interaction between domestic industries and global markets by allowing companies to tap into international labor pools for cost-effectiveness. While this can lead to lower production costs and increased competitiveness, it may also threaten local jobs as companies shift work overseas.
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9 cze 2021 · The focus of this blog post is to examine outsourcing as an example in AP Human Geography, exploring its definition, types, historical context, global patterns and processes, and the case study of India as a prominent outsourcing hub.
28 kwi 2020 · The purpose of this blog post is to provide a comprehensive overview of outsourcing in AP Human Geography, including its definition, theoretical framework, types, factors influencing decisions, impacts, case studies, and future trends and challenges.
9 sty 2020 · Understanding outsourcing is important in AP Human Geography as it helps analyze the spatial organization of economic activities and the interconnectedness of global markets.
