Anti-globalization
Recent talks revolving around Trump have supported anti- globalization ideas.
2.4 trillion dollars worth of goods were imported into the United States ranking themselves in the top consuming countries. However, this number may decline due to recent talks about Trumps agenda and goal to decrease outsourcing methods.
Trump tweeted things like “The U.S. is going to substantially reduce taxes and regulations on businesses, but any business that leaves our country for another country….. This tax will make leaving financially difficult, but…. expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS” -Donald Trump.
Globalization supports the idea of efficient business methods such as outsourcing. Outsourcing cut costs and bridges a gap between culture and business.
Below I have separately listed reasons supporting both the pros and cons of outsourcing.
Pros
- Cuts cost
- Create international jobs
- Improves international relations opportunities
Cons
- Jobs leave the US
- Lose expertise
- Competition