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Control Your Debt CrisisBe in charge of your debt in England and Wales |
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Book: Control Your Debt Crisis Debt Dictionary My blog on Wordpress Home page Debt Dictionaryat controlyourdebtcrisis.co.ukoutsourceOutsource describes using a third party to do something that might be done by the outsourcer. And the outsourcer may be an individual, a company, a government or other organisation. Arguments in favour include lowering cost, or making better use of time and energy, using the abilities of a person or organisation, or to make use of land, labor, capital at a lower cost [sometimes claimed as efficiency]. In essence it is division of labour. Outsourcing can involve transfers of part or all of a business or private function to an external provider. There may be transfer of actual people, buildings and equipment or the function may be set up afresh - as when call centres are moved to lower wage countries. The most usual transfers are of information technology, service activities, facilities, property management, and accounting. Others have included customer support, call centres, customer service, market research, manufacturing, designing, web development, content writing, ghostwriting and engineering. Outsourcing and offshoring are often treated as synonyms, though there are differences. Offshoring is the transfer of an organisational function to another country, whether outsourced or not. More confusion reigns as, for example, Indian outsourcing companies are now in the US and UK. There are thus new terms such as: nearshoring, noshoring, and rightshoring. Whether this is all reassuring is another matter! Because it can offer a considerable supplementation of a person or organisation's own abilities it may be comparable to the leveraging in financial markets. In the same way it should be borne in mind this can also give vulnerablities. Part of the reason I counsel caution in using third parties over debt negotiation and payment. While it is argued that outsourcing sends jobs to lower-income areas, thus spreading wealth, the record of the clothing industry in Asian nations over the past decade or two has too many anecdotes of conditions reminiscent of the early industrial revolution. Anyone who knows that history of 'dark satanic mills' and the slums of Manchester can take no pleasure in enjoying those benefits of cheap prices at the expense of fellow humans. Stories of Beijing smog, which nearly stopped the 2008 Olympic Games, are well known now. While it is claimed more people are employed and so more income is available, this ignores the fact the this is no different from the monoculture of the European Empires which destroyed both the self-sufficient farms and small holdings and led to the grab of land and other property by wealthy individuals and groups. Rather than create wealth it made independent people dependent. There are also severe economic problems that result for a number of other reasons that can be explained through economics and politics, but at root show the failure of care when all is measured in money. In places that lose the activity because of outsourcing there are sure to be employment and economic problems following. These are often hidden by manipulation of the statistics of unemployment in particular. It has become popular to use 'seeking employment figures' while ensuring that the bulk of those truly eligible are not included. You may conclude that I think the outsourcing vogue has been yet another nail in the coffin of 'libertarian' capitalism - also referred to a 'free market' economy. Neither has a place in a modern, democratic and caring world. Joseph Harris - Debt Control Man, Author of Control Your Debt Crisis on Your Own Terms LinksUseful links will be found throughout the site, and I will be grateful for any further suggestions. |
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Copyright © 2008 Joseph Harris, © S P Publications, © Get Results Books, © Control You Debt Crisis. This copyright material may be used only for strictly personal use unless permission is sought and granted under any terms agreed. Please ensure acknowledgment of copyright is included with any use - ©Joseph Harris www.controlyourdebtcrisis.co.uk. For any other use please contact me at this email address. email Joseph Harris, Publisher
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Control Your Debt Crisis On Your Own Terms; Make Creditors and Debt Collectors Obey the Law