Explanation Off-shoring is a widely used process by business people. The process is nothing but the shifting of the business from one country to another because of the lower wage rate and other factors which makes the business less costly and efficient in the new country. This off-shoring of the business was present in recent periods after the globalization. This is because, after globalization, the international trade and exchange of goods and services increased and most of the trade barriers were lifted. This lead to the flow of service sectors jobs from the western countries towards the developing countries where the supply of educated labor force was high. Businesses such as data entry, book keeping, book composition, medical scribing, coding, and so forth, were the main white-collar jobs which were being off-shored from the US...

The off-shoring of white-collar service jobs.

MICROECONOMICS(LL)COMPANION

21st Edition

ISBN: 9781260713541

Author: McConnell

Publisher: MCG

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Chapter 26, Problem 13DQ

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