offshoring

Examples of offshoring in the following topics:

• Offshoring

  • Even state governments employ offshoring.
  • More recently, offshoring has been associated primarily with the sourcing of technical and administrative services that support both domestic and global operations conducted outside a given home country by means of internal (captive) or external (outsourcing) delivery models.The subject of offshoring, also known as "outsourcing," has produced considerable controversy in the United States.
  • Offshoring can be seen in the context of either production offshoring or services offshoring.
  • After its accession to the World Trade Organization (WTO) in 2001, the People's Republic of China emerged as a prominent destination for production offshoring.
  • After technical progress in telecommunications improved the possibilities of trade in services, India became a leader in this domain; however, many other countries are now emerging as offshore destinations.

• Functions of International Banks

  • International banks are also located in offshore markets.
  • An offshore market has little regulations, low tax rates, and strict banker-customer confidentiality laws.
  • Leading offshore markets include the Bahamas, Cayman Islands, Dubai, Hong Kong, and Singapore.
  • If the regulatory agency believes a bank is participating in risky investments, the regulatory agency has difficulty examining bank records for subsidiaries located in offshore markets.
  • Consequently, some wealthy people, businessmen, and criminals hide their money in offshore accounts to evade taxes, to protect their wealth from countries with aggressive tax policies, or to hide their profits from illegal business activities.

• Chapter Questions

• Outsourcing

  • The definition of outsourcing includes both foreign or domestic contracting , which may include offshoring, described as "a company taking a function out of their business and relocating it to another country. "
  • When companies offshore products and services, those jobs may leave the home country for foreign countries at the expense of the wealth producing sectors.

• Outsourcing

  • In the early 21st century, businesses increasingly outsourced to suppliers outside their own country, sometimes referred to as offshoring or offshore outsourcing.

• Wind power

  • David Toke of Birmingham University (UK) estimated as far back as 2007 that onshore wind power produced electricity at the equivalent oil price of $50–$60 a barrel (before payback) – and offshore wind power is pumping out energy at the equivalent of $70–$80 per barrel (before payback).

• Privatization

  • The definition of outsourcing includes both foreign or domestic contracting, which may include offshoring, described as "a company taking a function out of their business and relocating it to another country."
  • "Outsourcing" became a popular political issue in the United States, having been confounded with offshoring, during the 2004 U.S. presidential election.

• Energy Sources

  • As the wind pushes ocean waters offshore, water from the bottom of the ocean moves up to replace this water.
  • As wind (green arrows) pushes offshore, it causes water from the ocean bottom (red arrows) to move to the surface, bringing up nutrients from the ocean depths.

• Answers to Chapter 4 Questions

  • An offshore market is banks are located in countries with lax regulations, low taxes, and strict consumer confidentiality.

• Virtual Teams

  • Finally, information systems development (ISD) teams make use of lower-cost labor, typically offshore, to develop software.