Global market and the isssue of off shore out sourcing Essay

Global market and the isssue of off shore out sourcing - Essay Exampless commentators outlined the 20t century as the United States century, it is possible that the 21st century will now be define as the era of Asian countries, especially India and China. While China is taking its place as the foundings manufacturing powerhouse, India is positioning itself as the global office (Lewin et al, 2011). Together, these two countries suck a huge national market potential with cheap labour and administrations that are implementing policies that are capital friendly, leading many to recall that global markets are at a tipping point.It is evidently seen that Europe and the United States will no longitudinal dominate the global markets that they have dominated in the last century, especially because they will have to argue in a global economy in which they are only responsible for a some inventions (Lewin et al, 2011). The future now requires that all countries embrace off-shoring of bu siness processes across companies, cultures, borders, and disciplines. Those countries that will elect to narrow their focus on nationalism will not be successful in the new era of off-shoring and outsourcing. In addition, those countries that do not geographically diversify their activities (Lewin et al, 2011), while also developing strong international webs of basis will fall short of competing in a market that is becoming increasingly global.Multinational corporations have for years made headlines with regards to skirting of environmental laws that are stringently implemented in industrialized nations by dint of this process of off-shoring (Contractor, 2011). This involves off-shoring low cost and high polluting processes of manufacturing to countries with less stringent environmental laws, while also interchange by-products with unacceptable toxicity, in developed countries, to less developed countries with weak laws. This particular problem, which can also be defined as off -shoring responsibility for environmental destruction is not part of the grand plan for