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Liberalisation, Privatisation And Globalisation — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsLiberalisation, Privatisation And Globalisation3 Marks
Question
Why do developed countries oppose outsourcing?
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Answer

Developed countries oppose outsourcing because of the following reasons:
  1. Outsourcing leads to the drainage of jobs that belong to their middle class. It fuels the high unemployment rate.
  2. The outsourced jobs leads to poorer quality in goods and services produced.
  3. Due to less of well paying jobs, consumers turn towards credit which results in a weakened economy.

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