The dynamic force of globalization will continue to change our perceptions, as it reshapes our lives, the way we make a living and the way we relate.
The gap between rich and poor in the world is still very large. The bottom 2.5 billion ,40
% of the worlds population live on less than $2 a day and receive only 5% of the worlds income.
Welcome to the World of Globalization and Outsourcing-
When a hot story takes place somewhere in the world, the customer will give their preferred topic and might provide two previously written articles or sources about the topic. These items are sent to Techworks, employees there read the news (usually about stories, places, and people they know nothing about), and then they re-write the news in their own words under a tight deadline.
Now, beyond my actual “work” there might be an opportunity to challenge myself in a professional and international environment and try to get something out of this experience at Techworks. I’ll give you a hint, a fitting headline for this future post would be “Matt the Middle-Man.”
Many altruistic people are comfortable drawing parallels between our lifestyle versus those of developing nations, akin to: "You should be happy with what you have compared to what poor people in other countries have." I
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.
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.
Outsourcing аѕ wе know іt іѕ referred tο subcontracting аn aspect οf уουr business tο a third party.
On one side οf thе spectrum, businesses аnԁ consumers alike wіƖƖ agree thаt outsourcing аnԁ globalization allows more companies tο achieve economies οf scale.
Many Americans hаνе lost thеіr jobs due tο outsourcing jobs tο cheaper competitors іn foreign countries. Thе nеw technological era іn whісh wе live now, іѕ allowing businesses tο сυt corners anywhere іt іѕ possible аnԁ ultimately mаkе more profit.
Education should help students synthesize information from a variety of disciplines and geographies, so they understand how economics informs politics, for instance, or that the economy of India can affect their job prospects, said Gardner.
change by increasing activities and hiring workers outside the U.S., especially in fast-growing foreign markets.
Yet, politicians oppose — or at least do not defend, and certainly do not fairly explain — this most fundamental international dimension of global business reality.
globalization, but clarity on these issues is especially necessary this year. So here, in brief compass, are my views on the responsible, competitive basics of offshoring and outsourcing which global companies must be prepared to embrace forcefully
Companies must step up and honestly explain why they offshore business functions and employment in a broad array of product and service activities to compete in a truly global economy. Among the strong (and standard) reasons that non-business people could understand, if properly explained (and if supported by the facts), are:
The need to stay cost-competitive with companies headquartered elsewhere, either through reduced finished product/service cost or through supply chain efficiencies;
The need to manufacture, assemble, provide services, and do R&D in order to understand and sell in a local market, and to attract great local talent for jobs that would not ever be offered in the U.S.;
The need to have a significant employment or plant/equipment presence in a local market because host governments demand it;
Because such a presence can also pull a company’s high-end exports from the U.S.;
Because a presence can strengthen that market’s economy and thus increase U.S. exports over time;
Because any products imported back to the U.S. can benefit consumers and the economy with lower cost (although foreign operations often sell in foreign markets).
companies must be more forceful in explaining the uses of revenues and margins derived from offshoring/outsourcing’s competitive cost structures and local appea
Working Conditions. One of the traditional arguments against globalization is that multinationals offshore to emerging markets to avoid environm
al, health and safety regulations in the developed world. In response to that criticism, international corporations have set — or should set — policies to assure decent working conditions overseas, both in their own facilities and in facilities of third party suppliers.
These policies cover such issues as: prohibitions on child and prison labor, wages and hours,
living conditions, worker safety, adherence to environmental standards, non-discrimination and non-harassment. Importantly, the policies can be based either on local law or on standards beyond local law corporations voluntarily adopt. For example, multinationals might adopt a minimum age of 16 for child labor in all nations both for the welfare of child and for administrative convenience (child labor laws vary across nations)
Quality. It is imperative that global companies ensure quality in their offerings with overseas input —
Serious safety and quality concerns in offshored or outsourced components, ingredients and
products are now a key part of the globalization debate. Lead paint in toys, antifreeze in toothpaste, tainted ingredients in blood-thinner medicine and unsafe food (for people and even pets) — these events have led consumers, parents, patients and regulators to question whether products using global suppliers are of sufficient quality and safety to protect American end-users — and end-users elsewhere in the world — from grievous harm. Companies must proactively address these concerns as a matter of course.
Worker Transition at Home. Whether due to ethical concerns, to sound policy or to good politics, American multinational companies would be wise to use their balance sheets, when possible, to provide decent severance, job training and outplacement services to workers displaced in the U.S.
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.’”
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.
rofits soar due to the greatly reduced wages for workers, and Wall Street rewards the big profit gains with higher stock prices. The CEOs of global companies also get credit for the profits.
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.
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.
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