Offshoring
noun
The practice of a company moving some of its work to a different country to reduce labor costs.
Many manufacturing businesses are considering offshoring their production to countries with lower labor costs.
Often appears as...
- offshoring production
- offshoring jobs
Usage tips
Academic
verb
To move part of a company's business to a different country to take advantage of lower costs.
The corporation offshored their customer service department to India.
Often appears as...
- offshored production
- offshored jobs
Usage tips
Business
noun
The practice of a company moving some of its work to a different country to reduce labor costs.
Many manufacturing businesses are considering offshoring their production to countries with lower labor costs.
Often appears as...
- offshoring production
- offshoring jobs
Usage tips
Academic
verb
To move part of a company's business to a different country to take advantage of lower costs.
The corporation offshored their customer service department to India.
Often appears as...
- offshored production
- offshored jobs
Usage tips
Business
Definition 1 of 2
Pro Tip 1/3Business Strategy
Offshoring is used as part of a business strategy to save costs.
They implemented offshoring to improve profit margins.
Pro Tip 2/3Controversial Topic
Offshoring can be controversial, often debated in politics and economics.
The debate on offshoring has intensified during the election.
Pro Tip 3/3Global Reach
Offshoring reflects how businesses operate globally, beyond their home country.
Offshoring production allowed the company to enter new markets.
Pro Tip 1/3Business Strategy
Offshoring is used as part of a business strategy to save costs.
They implemented offshoring to improve profit margins.
Pro Tip 2/3Controversial Topic
Offshoring can be controversial, often debated in politics and economics.
The debate on offshoring has intensified during the election.
Pro Tip 3/3Global Reach
Offshoring reflects how businesses operate globally, beyond their home country.
Offshoring production allowed the company to enter new markets.
Pro Tip 1/3Business Strategy
Offshoring is used as part of a business strategy to save costs.
They implemented offshoring to improve profit margins.
Pro Tip 2/3Controversial Topic
Offshoring can be controversial, often debated in politics and economics.
The debate on offshoring has intensified during the election.
Pro Tip 3/3Global Reach
Offshoring reflects how businesses operate globally, beyond their home country.
Offshoring production allowed the company to enter new markets.
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Video examples
India's invisible...
offshoring industry is what we call the global delivery model well the global delivery model allows it it allows you to take previously geographically co-located tasks break them up into parts send them around the world where the expertise and the cost structure exists and then specify the means for reintegrating them without
Video examples
Nirmalya Kumar: India's...
because of this huge industry that has started over the last two decades in India, offshoring software development and back office services, there's been a flight of white collar jobs from the developed world to India.
Video examples
India's invisible...
offshoring industry is what we call the global delivery model well the global delivery model allows it it allows you to take previously geographically co-located tasks break them up into parts send them around the world where the expertise and the cost structure exists and then specify the means for reintegrating them without
Video examples
Nirmalya Kumar: India's...
because of this huge industry that has started over the last two decades in India, offshoring software development and back office services, there's been a flight of white collar jobs from the developed world to India.
Example 1 of 2
Quote examples
Joseph Stiglitz
American Economist
Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat.
Quote examples
Paul Craig Roberts
American Economist
Jobs offshoring began with manufacturing, but the rise of the high-speed Internet made it possible to move offshore tradable professional skills, such as software engineering, information technology, various forms of engineering, architecture, accounting, and even the medical reading of MRIs and CT-Scans.
Quote examples
Paul Craig Roberts
American Economist
Marx and Lenin were ahead of their time. Marx wrote before offshoring of jobs and the financialization of the economy. Lenin presided over a communist revolution that jumped the gun by taking place in a country in which feudal elements still predominated over capitalism.
Quote examples
Noam Chomsky
American Activist
From the 1970s, there has been a significant change in the U.S. economy, as planners, private and state, shifted it toward financialization and the offshoring of production, driven in part by the declining rate of profit in domestic manufacturing.
Quote examples
Paul Craig Roberts
American Economist
Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.
Quote examples
William M. Daley
American Politician
When the manufacturing decline began in earnest in 2001, the main culprits were the offshoring of jobs to China, with which we have no trade deal, and automation.
Quote examples
Philipp Meyer
American Writer
I'd grown up in a working class neighborhood in Baltimore, a place hard hit by the offshoring of numerous heavy industries - steel, textile, shipbuilding.
Quote examples
Paul Craig Roberts
American Economist
The offshoring of American jobs by global corporations and the deregulation of the U.S. financial system have resulted in American economic failure.
Quote examples
Moshe Vardi
Israeli Mathematician
Offshoring is like the winter. You don't ask if it is good or bad - you ask what do you do about it. The answer is you dress warmly.
Quote examples
Sanjay Kumar
Businessman
There are companies that are cutting their costs by over 50% by offshoring.
Quote examples
Joseph Stiglitz
American Economist
Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat.
Quote examples
Paul Craig Roberts
American Economist
Jobs offshoring began with manufacturing, but the rise of the high-speed Internet made it possible to move offshore tradable professional skills, such as software engineering, information technology, various forms of engineering, architecture, accounting, and even the medical reading of MRIs and CT-Scans.
Quote examples
Paul Craig Roberts
American Economist
Marx and Lenin were ahead of their time. Marx wrote before offshoring of jobs and the financialization of the economy. Lenin presided over a communist revolution that jumped the gun by taking place in a country in which feudal elements still predominated over capitalism.
Quote examples
Noam Chomsky
American Activist
From the 1970s, there has been a significant change in the U.S. economy, as planners, private and state, shifted it toward financialization and the offshoring of production, driven in part by the declining rate of profit in domestic manufacturing.
Quote examples
Paul Craig Roberts
American Economist
Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.
Quote examples
William M. Daley
American Politician
When the manufacturing decline began in earnest in 2001, the main culprits were the offshoring of jobs to China, with which we have no trade deal, and automation.
Quote examples
Philipp Meyer
American Writer
I'd grown up in a working class neighborhood in Baltimore, a place hard hit by the offshoring of numerous heavy industries - steel, textile, shipbuilding.
Quote examples
Paul Craig Roberts
American Economist
The offshoring of American jobs by global corporations and the deregulation of the U.S. financial system have resulted in American economic failure.
Quote examples
Moshe Vardi
Israeli Mathematician
Offshoring is like the winter. You don't ask if it is good or bad - you ask what do you do about it. The answer is you dress warmly.
Quote examples
Sanjay Kumar
Businessman
There are companies that are cutting their costs by over 50% by offshoring.
Example 1 of 10
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