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Earn +20 ptsQ: What is the difference between outsourcing and globalization?
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What globalization a disadvantage for developed nations?
outsourcing replaces workers in developed nations with workers in developing nations
What is the difference between globalization and globalism?
Globalism is the idea of events in one country that cannot be separated from those in another. Globalization is the increase of trade around the world.
How is outsourcing an example of globalization?
Outsourcing removes boundaries. It used to be that for someone to render services they would need to be in the same location as the client. Now even if they are in different countries an outsourcer can render services to the client.
What are the current trends in Globalization?
Global wealth is less evenly distributed. Due to globalization The wealth gap is growing larger Outsourcing is becoming more common
What best explains why globalization has led to wage cuts in some jobs in the US?
Outsourcing increases the domestic supply of workers, driving down the price of labor.Outsourcing
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