outsourcing
Fed: Outsourcing helps U.S. economy
Filed in archive Outsourcing News by Danny on March 1, 2006
Eagle.jpg
Thomas F. Siems, senior economist at the Dallas federal reserve, said that offshore outsourcing results in overall economic gains in the long run. According to him, lower consumer prices, better products and higher productivity growth are among the benefits of outsourcing.

And while Siems recognized the negative effects of outsourcing, he advised that it would be better to accept the challenge of competition and resist protectionism.

Siems said, "Indeed, the secret to faster growth and greater prosperity lies in allowing individuals and businesses to do what they do best -- and outsource the rest." He added that global outsourcing makes companies become more dynamic.

Image Source: www.web-friend.com



Permalink: Fed: Outsourcing helps U.S. economy
Tags: outsourcing  us  economy  helps  best  helps+economy  outsourcing+helps  personal+finance 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/16558
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for Fed: Outsourcing helps U.S. economy:

  • Currently 1.44/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 1.44 out of 32 vote(s) cast.
 
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!