October 08, 2004
IMF: Outsourcing Does Not Equate to Lost American Jobs
A paper written for the U.S. National Bureau of Economic Research by the International Monetary Fund shows that outsourcing does not lead to lost American jobs.
According to the Hindustan Times:
They also find no link between job losses and outsourcing in the United States because outsourcing, by boosting firms' efficiency, creates enough new jobs to offset the initial losses.
"The risk of service outsourcing dramatically reducing job growth in the advanced economies has been greatly exaggerated," IMF researchers Mary Amiti and Shang-Jin Wei write.
Read more: 'Job fears from outsourcing in West not backed by data'
--
Did you enjoy this post?
Comments
The comments to this entry are closed.
« Indian BPO Companies Need U.S. Facilities | Main | Infosys Profits Spike on Outsourcing Boom »
Copyright © 2005 Dotmarketer | All Rights Reserved.
Recent Comments