Outsourcing by Multinational Corporations
Over the last 40 years, the MNC’s (multi-national corporations) commitment to short-term profits, shareholder value, and outsourcing has resulted in the deindustrialization of America. If these MNCs are really going to pursue their publicized “New Purpose,” they will have to focus on reshoring jobs and industries and reduce outsourcing. So, it is now time for them to walk their talk.
In the 1970s, American corporations were suddenly confronted with serious international economic competition. The profits that the corporations had enjoyed since the beginning of World War II began to decline. This began an era of “corporate restructuring.” Corporations began to focus on their core competencies ...
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