What is Outsourcing?

By reading this article (http://www.sourcingmag.com/content/what_is_outsourcing.asp) , I learned the definition of outsourcing. It is when a company in one country has its work done in another more economically unstable country. Almost every company outsources in some way, the most common forms of outsourcing are technology and business outsourcing. The success depends on three main things. They are: company support for the outsourcing plan, communication to employees, and the ability to manage the employees in the other country.

Things I want to know:
1. Do companies realize that outsourcing hurts our country?
2. Why do we outsource?
3. How did we start outsourcing?

What is Globalization

After reading this article (http://www.globalization101.org/What_is_Globalization.html,) I now know exactly what globalization is. It has been going on for a very long time, even before World War I. Globalization is basically the trade of goods between two countries. Since 1950, the trade volume between countries has gone up 20 times what it used to be. The new wave of globalization has been driven by new policies and technology. Things like free-market economic systems and advances in information technology have greatly helped the outburst of globalization.

Things I want to know after reading:
1. How did globalization start?
2. Is it effective?

Offshore Outsourcing

From this article (http://www.newwork.com/Pages/Opinion/Raynor/Outsourcing.html,) learned that outsourcing has affected us in a bad way. It would seem that sending jobs that we don't want to a country that has a lower minimum wage would benefit us, but in reality it is hurting us. By outsourcing and giving these jobs to other people in other countries we are hurting ourselves and our economy. Without these jobs we more people are unemployed and become in debt, with these people in debt our whole economy becomes crippled.