Friday, October 28, 2016

While reading the article, The politics and economics of offshore outsourcing, N. Gregory Mankiw and Philip Swagel talk about offshoring outsourcing and the effect on the United States. They gathered data, from about 1990 to about 2004, regarding the Bureau of Economic Analysis and comparing employment and income to United States and foreign corporations. 

In class, we learned that there are different industries that use offshore outsourcing and that both countries can gain, as a result, of this. Technology can also play a part in offshoring outsourcing because of the example used in last class and given that technology is ever changing. 

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