Impact of outsourcing on developing and developed countries
Answers
Outsourcing positively impacts developing countries. Outsourcing by MNCs means that internal company functions are shifted to external firms, usually in developing countries. The positive economic growth contributed by outsourcing of MNCs to developing countries is undeniable; MNCs contribute to diversifying the developing countries' economies, shifting the economy from primary to secondary sectors, where products produced are higher up the value chain. Therefore, economic growth results. Also, via outsourcing of manufacture in developing countries, large numbers of jobs are created, which generates income for the people, allowing them to afford basic necessities and luxuries that can improve their standard of living and quality of living. Overall, outsourcing will result in economic growth, increase of standard of living and quality of living, i.e. development for developing countries.
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