Outsourcing

Question 1

What is outsourcing?

Answer 1

Taking manufacturing or service jobs from high wage economies to lower wage economies

Question 2

What are the consequences usually of outsourcing for the original country?

Answer 2

Negative

Question 3

How does loss of jobs negatively impact the country?

Answer 3

Unemployment means their is less spending in economy, services close down

Question 4

What does the closure of manufacturing companies lead to?

Answer 4

The closure of local suppliers - areas go into decline

Question 5

Why are countries often ill equipped for certain jobs?

Answer 5

The high skilled workers have been outsourced

Question 6

Case study example of outsourcing?

Answer 6

China in Apple