Political Economy of International Relations
Outsourcing refers to the practice of delegating certain business processes or functions to external third-party organizations instead of handling them internally. This strategy is often employed to reduce costs, improve efficiency, and access specialized expertise. In the context of globalization, outsourcing has sparked debates about its economic impacts, including job displacement in developed countries and economic growth in developing nations.
congrats on reading the definition of outsourcing. now let's actually learn it.