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| Topic: |
Business
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| Number of pages / Number of words: |
22 / 6052 |
Essay's paper body
Even though they
are sometimes (mistakenly) used synonymously, it is important to differentiate between the
two terms. One differentiation comes from Alan Blinder (2005): "Outsourcing is a common
domestic phenomenon which has nothing to do with either international trade or globalization.
Offshoring means outsourcing the work to firms or subsidiaries employing labor outside the
home country...
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This is not true. While outsourced processes are handed off
to third-party vendors, offshored processes can be handed off to third-party vendors or remain
in-house."
Offshoring can further be divided into production offshoring, services offshoring and
innovation offshoring ("offshoring", found on November 2 on www...
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