Free Trade Article Example | Topics and Well Written Essays - 250 words

Free Trade - Article ExampleThe problem with this type of outsourcing is that it can critic exclusivelyy harm the domestic labor market. Ease of service outsourcing has made millions of domestic jobs vulnerable to being outsourced overseas (Wessel & Davis, 2007). The local labor market is likely to aim shortage in labor supply as labor demand exacerbates. This scenario would likely trigger economic chaos in the affected economy. On the early(a) hand, countries where most services are outsourced to would experience an influx, similarly causing economic imbalances in labor demand and supply. This type of outsourcing has its benefits too. The process keeps internationalization running, thereby enhancing global interdependence in trade. Outsourcing along this line also creates opportunities for poor economic performers when they interact with tiger economies.To enhance competition along free trade and chat technology aspects, outsourcing practices should be subject to globally agreed upon regulation procedures. The flow of outsourced services should be controlled by taking into account the economic potential of all economies involved. This would ensure that the magnitude of outsourced services matches the economic potential of the destination country. All variables of free trade would also have to be factored in in enhancing