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Economic Effects of Global Sourcing Abstract Global sourcing is a hot topic of discussion throughout the business world. The manufacturing and service industries are the most prevalently sourced today. The pressure is on for CEO's to implement sourcing strategies. This paper shows why today's businesses feel the need to invest in offshore operations. These reasons can include 1) reduced operating and labor costs, 2) increased productivity, and 3) access to talent worldwide. Additionally, the paper will focus on the history and future of sourcing, as well as how the global economy is affected. Table Contents Abstract 2 Contents 3 Introduction 4 History 4 Benefits 5 Economics 6 Future 9 Summary 9 Reference page 10 Economic Effects of Global Sourcing Global sourcing is the movement of work and talent from a high-cost market to a low-cost market. The process allows organizations to compete most effectively in their chosen markets. The most commonly sourced sectors are the manufacturing and service industries. Nations and their businesses involved in global sourcing are seeing fast economic...

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