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Offshore Outsourcing and the Globalization of Australian Services - Research Paper Example

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The discussion seeks to answer the questions: How does offshore outsourcing impact the growth of the Australian economy? Are currently present Australian policies and regulations adequate to deal with potential problems in modern-day offshore outsourcing?…
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Offshore Outsourcing and the Globalization of Australian Services
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Offshore Outsourcing and the Globalization of Australian Services

The study will examine the affects of offshore outsourcing as an implication of the process of globalization on the Australian through the primary and secondary research. Liptrot suggests that “Globalization is not a phenomenon. It is not some passing trend. The present research has identified that today it is an overarching international system shaping the domestic politics and foreign relations of virtually every country, and we need to understand it”. Another view of globalization is put forward by Porter who is of the opinion that “Globalization is much like fire. The fire itself is neither good nor bad. Used properly, it can cook food, sterilize water, and heat our homes. Used carelessly, fire can destroy homes and forests in an instant”. Both of these definitions provide a newer view of globalization that is not restricted in any way. The paper tells that offshore outsourcing in Australia has remained in the spotlight for a few years now and the close ties that Australian companies have with US-based companies serve as stimulants for offshore outsourcing in the region. The author has rightly presented that offshore outsourcing is expected to acquire momentum in Australia in the following years as globalization continues to have implications on industries around the world. While Australian has become well known for IT-based outsourcing, the region is steadily developing a reputation for outsourcing in more areas. ... Read More
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