Give an Account of the Political Argument Against Outsourcing Practiced

question 33

Essay

Give an account of the political argument against outsourcing practiced by US firms.

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Definitions:

Net Exports

The net amount obtained by subtracting a nation's total imports from its total exports.

Trade Balance

The financial discrepancy between exports and imports in a country's trade of goods and services.

Net Capital Outflow

Refers to the difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreigners. It's a measure of the international financial flow from a country.

Foreign Assets

Investments or interests in property, businesses, and financial products located in countries other than the investor's home country.