Question

Some of the risks presented by offshoring jobs include ______?

1) growth in political stability in developing economies
2) geopolitical risks
3) increasing use of English as a common language
4) reduction in trade barriers

Answer 1

Offshoring jobs presents risks such as geopolitical instability, increased structural unemployment, and pressures from rapid urbanization that could stress developing countries' infrastructures.

Step-by-step explanation:

Some of the risks presented by offshoring jobs include geopolitical risks, structural unemployment due to job loss, and potentially rapid urbanization that countries may not be prepared for. Offshoring can weaken domestic economies by moving jobs overseas where cheaper labor is available, negatively impacting unemployment rates in developed countries. It also presents the challenge of a country needing to develop new jobs and retrain its workforce to compensate for those lost roles. Moreover, companies moving operations abroad could exacerbate income inequality, contribute to political controversies, and alter the balance of global economic power.