Offshoring: Transfer Jobs or Operations Abroad

Hadeel Qasim Oleiwi, Hussein Ali Kazem

Vol. 15 Jan-Jun 2023

Abstract:

As a result of global shifts in the labor market. Especially after the collapse of the former Soviet Union in 1989 and the end of the Cold War, about half of the world's labor force from China, India, Russia and Eastern Europe joined the capitalist global economy. Technological changes associated with the Internet contributed to a massive expansion of outsourcing options for outsourcing services in addition to manufacturing and strategies. The business of TNCs is relentless in its search for new efficiencies especially in the labor side where significant cost gains can be found. As a result, offshore outsourcing is no longer just an option but "an increasingly urgent survival tactic for companies in advanced economies".

Back Download