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Outsourcing is not a new phenomenon. What and how we outsource really depends on the value chain of the business. In early 1900s, Ford Motor Company used to have complete vertical integration- from raw materials to the assembly line for the production of the Model T cars - to avoid any supply chain issues.

STARTUP RISKS - Once you have identified which country or countries you will be working with, you have to address cultural and language communication barriers.

, 38% by the tone of you

ew York Times commentator Thomas Friedman reported that CEOs “rarely talk about ‘outsourcing’ these days. Their world is now so integrated that there is no ‘out’ and no ‘in’ anymore. In their businesses, every product and many services now are imagined, designed, marketed and built through global supply chains that seek to access the best quality talent at the lowest cost, wherever it exists. They see more and more of their products today as ‘Made in the World’ not ‘Made in America.’”

Globalization is also affecting education. English has become the international language, which creates global markets for education in English both at the K–12 level as well as in higher education.

K–12 education may evolve into a bureaucracy that will look a lot like European ministries of education, responsible for assuring that the educational needs of a state are met through contracting with for-profit companies, through contracting with not-for-profit contractors in other states, and through the state’s own educational infrastructure, again greatly changed in its social organization and its governance.

Globalization is nothing more than a trade war with production looking for a government cheaper to produce.

The phenomena of outsourcing, globalization and offshoring are impacting the microwave and RF engineering community.

In the face of such pressures, more study is needed about local responses to defend public education against the introduction of pure market mechanisms to regulate educational exchanges and other policies that seek to reduce state sponsorship and financing and to impose management and efficiency models borrowed from the business sector as a framework for educational decisionmaking.

According to Gerbner, Gross, Morgan and Signorielli (1986), "television has become the primary common source of socialization and everyday information (mostly in the form of entertainment) of an otherwise heterogeneous population," Gerbner believed that mass media produced images from, "the mainstream of a common symbolic environment" (p. 18). Stephen Littlejohn (2002) commented that Gerbner's theory "is not a theory of individual media 'effects' but instead makes a statement about the culture as a whole" (p. 317). Gerbner predicted that heavy television viewers are far more likely to be socialized through television than light television viewers. Gerbner went on to describe what he called the "mean world syndrome" which suggests that the violent nature of television content will affect heavy television viewers

to believe that the world is a violent place, where people cannot be trusted. According to Gerbner, viole

nt television programs "travel well" across political borders since violence is easily understood cross-culturally

ADVANTAGES 1. Intergration of markets: Markets are interlinked- European Union 2. Cheaper Products for Consumer: Trainers are Cheap 3. Leads to Outsourcing in some cases which can lead to job loses: Moving call centers to India. 4. Lowering of international Bariers: Now European Union can Trade with ASEAN and NAFTA. 5. Providing jobs in LEDC's and help develop economy (less Economically Developed Countries) 6. Helps prevent market Saturation in a specific market: stops there being too much competitors in one place e.g too much call centres in Uk, so move to india 7. Standardisation of product: the same products can be seen in some many places - e.g coke and McDonalds DISADVANTAGES 1. Intense Competition 2. Widening of Gap between rich and poor countries 3. Harder for Smaller businesses to establish themselves 4. Exploitation of workers: Paying the workers in LEDC's a fraction of what would be paid in to workers in LEDCs. 5. Income generated in Host country is not always spent in the same country - money earned from supplying cheap call centres in india will not be spent in india but maybe in Uk or US.

Outsourcing destroys less-efficient jobs at home but simultaneously creates more and better paying ones.

Globalisation is the tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, allowing them to become interconnected with different markets.

Critics of globalisation say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas, where labor is much cheaper.

Cheaper labor overseas enables them to build production facilities in locations where labor and healthcare costs are low, and then sell the finished goods in locations where wages are high.

As a monetary policymaker, my main concern is the health of the U.S. economy. Although the economy turned in a pretty sluggish performance for a long while after the 2001 recession, it has shown some real strength over the last few quarters in terms of output growth and productiv

ly most efficient. Consider this analogy with the family: No family tries to make everything that it eats, wears, and enjoys. If it'

because their jobs are going overseas. And concern for these workers, of course, is why there's interest in trying to restrict trade with tariffs, quotas, or other barriers. Indeed, such measures may actually succeed in slowing job losses in affected industries temporarily. But, as I hope I've illustrated, in the end, they impose significant costs on the rest of the economy that are much higher than any benefits.