70.2k views
2 votes
Some of the risks presented by offshoring jobs include ______?

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

User Sanam
by
6.9k points

1 Answer

1 vote

Final answer:

Offshoring jobs presents risks like geopolitical instability, structural unemployment in developed nations, and urbanization challenges in developing countries.

Step-by-step explanation:

Some of the risks presented by offshoring jobs include geopolitical risks, the potential for structural unemployment in the home country, and challenges related to rapid urbanization in developing countries that receive the offshore businesses. Offshoring can lead to job losses in developed countries as companies move operations to take advantage of cheaper labor markets and less stringent environmental regulations. Although this strategy can lead to cost savings for businesses and reduce prices for consumers, it can also result in significant social and economic disruptions, such as income loss and increased inequality within the home country. Additionally, the migration of jobs to developing nations sometimes contributes to overloaded urban infrastructures, leading to social strain within those nations.

User Bob Kuhar
by
7.3k points