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increased trade
Outsourcing and increased international trade was becoming the global dynamic 3. -
outsourcing
Outsourcing enters the business lexicon. Accounting services, payroll, billing, and word processing all became outsourced. -
mainframe
Shift to outsourcing mainframes, PCs, and telecommunications. Outsourcing becomes very profitable with the advent of the WWW. -
Period: to
US jobs lost
2.78 million US jobs were lost in foreign-owned firms between 1991 and 2001 -
billion dollars
Outsourcing is a $100 billion per year industry -
revenues
Outsourcing accumulates $298.5 billion in global revenues -
foreign competition
“The fact that foreign competition now impinges on services as well as manufacturing raises no new issues of principle whatever. If a car can be made more cheaply in Mexico, it should be. -
debate
rise of outsourcing in political agenda and debate