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

warrant Trade - Article ExampleThe problem with this type of outsourcing is that it can critically harm the domestic agitate securities industry. Ease of service outsourcing has made millions of domestic jobs vulnerable to being outsourced overseas (Wessel & Davis, 2007). The local labor market is in all probability to suffer shortage in labor supply as labor demand exacerbates. This scenario would likely trigger economic chaos in the affected economy. On the other hand, countries where most services be 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 globalization running, thereby enhancing global interdependence in trade. Outsourcing along this line also creates opportunities for poor economic performers when they act with tiger economies.To enhance competition along exculpate trade and communication technology aspects, outsourcing practices should be character 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