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Offshoring: Individual Short-Term Gain versus Collective Long-Term Loss?
July/August 2005 (vol. 7 no. 4)
pp. 25-30
Rodney Roberts, Independent Consultant
As a hot button issue here in the US, offshoring continues incite controversy. In an effort to look at the practice from a more objective perspective, the author borrows notions from various disparate fields like philosophy and cognitive science to help shed light on the question of whether offshoring ultimately makes sense for US-based companies. The article delves into the basic premise behind offshoring, its moral and nonlegal boundaries, and uses a well-known philosophical paradox, the Prisoner's Dilemma, to explore how group behavior affects offshoring. The article concludes with several potential ideas for future research.
Index Terms:
offshoring, profits-only approach, cognitive science, circular flow model, Prisoner's Dilemma, mutual cooperation, the payoff matrix, retaliation, sucker's payoff, job loss, standard of living
Citation:
Rodney Roberts, "Offshoring: Individual Short-Term Gain versus Collective Long-Term Loss?," IT Professional, vol. 7, no. 4, pp. 25-30, July-Aug. 2005, doi:10.1109/MITP.2005.95
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