Bhagwati, Jagdish et al. “The Muddles over Outsourcing.” The Journal of Economic Perspectives, no. Fall, 2004, 1-42.
Bhagwati, Panagariya, and Srinivasan argue that the often claimed job losses in the US as result of outsourcing are negligible arguing that long term gains were inevitable despite the continued high unemployment rates persisting.
Chapman, Bob. “Outsourcing and Offshoring in the Global Economy: US Corporations Moving to Offshore Tax Havens.” International Forecaster, 21 Sept. 2011.
“The Truth Is Offshore” is an article by Bob Chapman who decries the incidence of the tax regime in the US that allows firms to defer remitting taxes and thus able to hide their revenues in the so-called tax havens offshore. Chapman thus opposes outsourcing as leading to loss of thousands of jobs and “territorial taxation” that enable US firms avoid taxation leading to tax losses of billions to the country.
Drezner, Daniel W. The Outsourcing Bogeyman. Foreign Affairs, no. May/June, 2004, .
Daniel W. Drezner is an Assistant Professor of Political Science at the University of Chicago and the author of “The Sanctions Paradox.” In this article, Drezner alleges that politics have crowed the debate on outsourcing as debate on the merits and demerits of job losses lender the debate acrimonious. He argues protectionism could only be harmful to the US economy and that statistics depicted by proponents of outsourcing as erroneous.
Dwivedi, Jay. Impact of Offshoring on American Economy. 2008.
Dwivedi supporting the need to outsource alleges the trend is irreversible in view of the globalization trend. Contemporary business necessitates businesses to be more competitive to remain relevant. He then cites the example set by Japan during the 1990s as illustrative of economies readjusting to remain relevant.
Kirkegaard, Jacob F. Outsourcing—Stains on the White Collar? Institute for International Economics, 2004.
Kirkegaard has also supported outsourcing and asserts that projected job losses are moderate and are outweighed by the gains in jobs created. He consequently gives statistical evidence in the IT sector to prove this. Kirkegaard also argues though job losses may severe in some states, they are recouped in jobs created in others and similarly gives an example of Michigan and Colorado.
Mandel, Michael. “The Real Cost Of Offshoring.” Bloomberg. 2007.
BusinessWeek is an authoritative business journal run by Bloomberg that writes on topical business issues. Michael Mandel in this investigative article by the periodical alleges that US Bureau of Labor Statistics (BLS) has being quoting erroneous economic statistics on the economy mostly based on outsourced and offshore business. The article also thus reveals the inherent danger of outsourcing as more jobs are lost to offshore locations without any tangible benefits to the economy.
Mankiw, Gregory N. and Phillip Swagel. “The politics and economics of offshore outsourcing.” Journal of Monetary Economics, vol. 53, no. 5, 2006, pp. 1027-1056.
Mankiw and Swagel have also cited political interpretation as the reason why critics are against outsourcing. The authors argue that outsourcing can lead to more jobs domestically as profits are channeled back. Job losses according to the authors are also due to other militating factors like global recession.
Mann, Catherine L. Offshore Outsourcing and the Globalization of US Services: Why Now, How Important, and What Policy Implications. Policy Brief PBO 3-11, Institute for International Economics, 2005.
Mann is a renowned economics professor has also supported outsourcing outlining how it has generated more innovation while reducing production expenses. She cites the growth in IT as some of the benefits derived from outsourcing as the best brains are sourced globally.
Nelson, Doug. “Outsourcing and the Political Economy of Globalization: A Discussion Note.” The Political Economy of Globalization: How Firms, Workers, and Policymakers Are Responding to Global Economic Integration. Center for Globalization and Governance, 2005. pp. 2-7.
Doug Nelson has linked the critics of outsourcing to the misconceptions advanced by the proponents of globalization. He subsequently argues that statistics indicate that outsourcing has more advantages than disadvantages to the economy hence should be sustained
U.S. and Global Trade Benefit From Outsourcing. PR-GB.com. 2010.
The Trade & Global Market organization have argued in this article that outsourcing inevitably improves trade relations and is thus beneficial to the economy
Wolverson, Roya and Eric Gardner. “Outsourcing Jobs and Taxes.” The Council on Foreign Relations. 11 Feb. 2011.
Wolverson and Gardner supporting outsourcing argue that despite job losses domestically, there tangible gains as the funds gained overseas are reinvested back domestically. Moreover they decry the high rate of taxation in the US as pushing firms out of the country.
Works Cited
Bhagwati, Jagdish et al. “The Muddles over Outsourcing.” The Journal of Economic Perspectives, no. Fall, 2004, 1-42.
Chapman, Bob. “Outsourcing and Offshoring in the Global Economy: US Corporations Moving to Offshore Tax Havens.” International Forecaster, 21 Sept. 2011, www.globalresearch.ca/outsourcing-and-offshoring-in-the-global-economy-us-corporations-moving-to-offshore-tax-havens/26708..
Drezner, Daniel W. The Outsourcing Bogeyman. Foreign Affairs, no. May/June, 2004, www.foreignaffairs.com/articles/united-states/2004-05-01/outsourcing-bogeyman..
Dwivedi, Jay. Impact of Offshoring on American Economy. 2008, Iiproceed.com. .
Kirkegaard, Jacob F. Outsourcing—Stains on the White Collar? Institute for International Economics, 2004.
Mandel, Michael. “The Real Cost Of Offshoring.” Bloomberg. 2007..
Mankiw, Gregory N. and Phillip Swagel. “The politics and economics of offshore outsourcing.” Journal of Monetary Economics, vol. 53, no. 5, 2006, pp. 1027-1056.
Mann, Catherine L. Offshore Outsourcing and the Globalization of US Services: Why Now, How Important, and What Policy Implications. Policy Brief PBO 3-11, Institute for International Economics, 2005.
Nelson, Doug. “Outsourcing and the Political Economy of Globalization: A Discussion Note.” The Political Economy of Globalization: How Firms, Workers, and Policymakers Are Responding to Global Economic Integration. Center for Globalization and Governance, 2005. pp. 2-7.
U.S. and Global Trade Benefit From Outsourcing. PR-GB.com. 2010, app.officebeacon.com/ecomm/US-And-Global-Trade-Benefit-From-Outsourcing%5B1%5D.pdf..
Wolverson, Roya and Eric Gardner. “Outsourcing Jobs and Taxes.” The Council on Foreign Relations. 11 Feb. 2011, www.cfr.org/backgrounder/outsourcing-jobs-and-taxes..