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  •    
    US and Global Trade Benefit From Outsourcing

    Most of the studies show the effect of outsourcing in the lives of the American are very positive. In general, the impacts of outsourcing industry in the U.S economy and world trade are really great. The U.S economy is experiencing a renewal in profits in the global market because of the latest trend of outsourcing in the U.S. According to the study that the U.S economy has gained an average of almost 50 billion dollars of net profit in the outsourcing sector. Because of the wide program of outsourcing that the American has done, it has a great contribution in the field of outsourcing and in return, the outsourcing itself has a positive impact in the economy of the United States of America. Immigrants and outsourcing companies embody almost one quarter of the total workforce of the U.S economy. The capacity to outsourced key roles are sometimes critical tasks and major projects are being handled. According to some studies, the U.S economy has benefited from the policies of free trade, immigrants, international guests, and through the foreign investors. It describes the United States as the major player in the field of global outsourcing market. Because of outsourcing, the U.S economy has able to manage and handle to keep afloat in the sea of the world trade market. Thomas Donohue, Director General of Commerce, said that the more economy is opened, the more it will be successful in the near future. There is no doubt regarding to the economy of the United States. Some of the residents and citizens of United States think differently. Some of them commented on the economy of the United States regarding the outsourcing industry. They insisted that only the high-ups and major players will be benefited by outsourcing. They stated that there is still a large number of American workers who do not have a job and they remained in the unemployed status that is the reason why they still do not have an income. The Philippines and India are the two developing Asian countries that are in the forefront of outsourcing American countries. The outsourcing serves as a strategy for the United States to help developing countries in the field of outsourcing in the global marketplace. Outsourcing is really a great way t0 save money and it has a positive impacts and effects in the economy of a certain country. It helps that country to be the best player as it wants to be.

    Reference

    http://www.hlgz.org/trading/us-and-global-trade-benefit-from-outsourcing.html

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