Test2stuffforINTB

Test2stuffforINTB - Material that you will have to cover...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Material that you will have to cover for Exam 2: Week 8: Labor Market Debates part 1 China the awakening giant Early 1970s: Insignificant participant in world market for goods Worlds third largest economy Reasons for growth: Chinas marketizing its economy through changes, minimizing economic disruption and political opposition Economy opened to foreign investment and joint ventures Governments monopoly over foreign trade disbanded Trade and services flows Growth in merchandise trade surplus Current trade surplus at $250 billion Should we worry about the trade deficit? Yes it is arguably contributing to economic imbalances Manufacturing jobs Manufacturing employment is decreasing in the US Outsourcing of services Outsourcing Debates Concept and examples: Domestic Outsourcing: Classic Make or Buy Decision Ex: Procter & Gamble contracts with HP for IT services Offshore Outsourcing: transfer of an organizational function to a third party, when the party is located outside the country Ex: Chevrolet contracts with a call center in India. Off-shoring: relocation of an organizational function to a foreign country Ex: Dells research and development center in Vietnam and Daimler Chrysler has an R&D center in Bangalore In-sourcing:...
View Full Document

Page1 / 3

Test2stuffforINTB - Material that you will have to cover...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online