Title: Outsourcing | Examples & Meaning | InvestingAnswers
Headings: Outsourcing
Outsourcing
What Is Outsourcing?
What Are Some Common Terms for Outsourcing?
Are Outsourcing and Subcontracting the Same?
Outsourcing vs. Offshoring
Examples of Outsourcing
Famous Companies That Outsource
Common Outsourcing Models & Pricing
Staffing Model
Fixed Price Model
Cost Reimbursable Model
Time and Materials Model
Consumption-Based Pricing Model
Profit-Sharing Pricing Model
Incentive-Based Pricing Model
Shared Risk-Reward Pricing Model
Is Outsourcing Good or Bad?
Advantages of Outsourcing
Disadvantages of Outsourcing
How Does Outsourcing Affect the US Economy?
Are Outsourcing and Globalization the Same?
How Outsourcing Affects Developing Countries
Negative Effects of Outsourcing on Developing Countries
Personalized Financial Plans for an Uncertain Market
Ask an Expert about Outsourcing
Can Outsourcing Work for Small Businesses?
Mark Herman, CFP

Content: However, outsourcing can also hurt the US economy if many people lose their jobs. Individuals and families without stable incomes aren’t as likely to make discretionary purchases. Are Outsourcing and Globalization the Same? Globalization refers to the interdependence of various countries in terms of economies, cultures, jobs, products, information, technology, and populations. Global outsourcing is just one factor that causes globalization. How Outsourcing Affects Developing Countries
When companies outsource their work to developing countries, it can have an overwhelmingly positive impact on economies and workers alike. The creation of jobs enables people to afford basic necessities as well as make discretionary purchases. Outsourcing has the potential to improve the standard of living in developing countries and has helped to create the middle-class in nations like China and India. Negative Effects of Outsourcing on Developing Countries
Workers are understandably typically drawn to cities that have larger outsourced industries and promises of higher earnings. As people seek out higher-paying roles that aren’t critical to their nation’s development (e.g. call centers, assembly lines), this exodus creates a large hole in farming and cottage industry communities.