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by Daniel Griswold and Dale D. Buss Daniel T. Griswold is director of the Center for Trade Policy Studies at the Cato Institute in Washington and an adjunct scholar of the Mackinac Center for Public Policy. Dale D. Buss also is an adjunct scholar of the Mackinac Center, a Michigan-based research and educational institute. September 15, 2004 Lawmakers in Congress and in more than 30 state legislatures have targeted foreign outsourcing as a threat to U.S. employment and prosperity. Along with certain critics in the news media, such as CNN’s Lou Dobbs, they charge that U.S. companies are firing American workers in significant numbers and replacing them with foreign service workers in low-wage countries such as India. Legislative proposals in Michigan and elsewhere have focused on barring federal or state contracts with companies that would “offshore” the work to call centers or information technology providers abroad. |
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Contents Economic Benefits of Foreign Outsourcing Outsourcing Job Losses in Perspective The Fall and Recovery of the IT Sector Michigan Companies Illustrate the Dynamics Foreign Outsourcing Is a Two-Way Street Outsourcing Is a Win-Win Arrangement Restrictions on Outsourcing Are Self-Defeating
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