Personal offshoring

Personal Offshoring or Smallsourcing^[1] is a business model where individual consumers or small businesses (often sole proprietorships) directly outsource their work. It is a form of Offshoring. According to the Wall Street Journal, "[t]he approach relies on the same model that drives corporate outsourcing: labor arbitrage, or benefiting from the wage differential between U.S. workers and those in developing countries."^[2] It can potentially be a dangerous business model if not managed appropriately. Problems can include language barriers and communications issues due to differences in time zones.^[3]

References

↑ "Outsourcing for Small Businesses". Outsourcing for Small Businesses. Retrieved 2008-08-17.
↑ Gamerman, Ellen (2007-06-02). "Outsourcing Your Life". Outsourcing Your Life. Retrieved 2008-10-18.
↑ "My Personal Offshoring Story". My Personal Offshoring Story. Retrieved 2008-08-17.

International trade

Terminology	Absolute advantage Balance of payments Balance of trade Capital account Comparative advantage Current account Export-oriented industrialization Fair trade Foreign exchange reserves Globalization Import substitution industrialization Net capital outflow Outsourcing Tariff Trade justice Trade war Trading nation

Organizations and policies	International Monetary Fund (IMF) United Nations Conference on Trade and Development World Bank Group World Trade Organization (WTO) International Trade Centre Bilateral investment treaty Economic integration Free-trade zone Special economic zone Trade agreement Trade barrier Trade bloc

Political economy	Free trade (Adam Smith, The Wealth of Nations, Repeal of the Corn Laws) Mercantilism Protectionism (Economic nationalism, Autarky)

Regional organizations	ACU ASEAN CACM CAN CARICOM CEMAC CUBKR EAC EAU EU GCC Mercosur RCEP SAARC SACU WAEMU

Exports by product	Aircraft & Spacecraft Aircraft parts Aluminium Cars Car parts Coal Coffee Computers Copper Corn Cotton Diamonds Electricity Engines Gas turbines Gold Integrated circuits Iron ore Natural gas Oil Petrol Pharmaceuticals Ships Steel Telecommunications equipment Telephones Trucks Wheat Wine

Category Commons

This article is issued from Wikipedia - version of the 5/22/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.