Outsourcing as a loan agreement between the legal entities

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As the results of the analysis conducted by a team of researchers led by J. Farrell, participation in international trade in services outsourcing, can be considered as a loan agreement between the entities.At the same time, despite the steady, even among supporters of the idea of ​​mutually beneficial nature of outsourcing believe it provides the most benefit or, using the terminology of game theory, "winning" is not exporting and importing country.According to the results of their analysis of US-Indian trade outsourcing services, based on every dollar invested in US companies outsourcing abroad, the overall gain in the form of value added to the world economy of $ 1,45-1,47., Of which 1,12-1,14 dollars. falls on the US economy, and $ 0.33. - in the Indian economy.

Thus, the analysis of empirical data confirms that the Ricardian idea of ​​fair trade for the economies involved in her country retains its validity in relation to outsourcing as one of the modern forms of international trade, naturally provided that the conclusion of an agreement between legal entities established on a parity basis.

At the same time it should be noted the validity of the positions of the researchers (including Paul Samuelson and E. polymers) which, recognizing the validity of the Ricardian model and, moreover, using it to justify their own conclusions voiced concern aboutthat the growth in international trade outsourcing services may eventually lead to a change in the terms of trade, which would entail a change in the ratio of wins involved in international outsourcing in favor of the exporting country, and thus violating the loan agreement between the entities.

other words, their concern is that international outsourcing will change the current specialization of countries in the international division of labor and change the responsibility of the legal entity, according to which the developed countries have traditionally had a comparative advantage in high-tech areas where increasingly have to deal withincreased competition from developing and transition economies, redundancy and a relatively cheap and highly skilled labor force, they are now able to offer the international market.

describes the situation, in our opinion, it is explained by the theory of the product life cycle of R. Vernon, according to which the labor-intensive production of traded goods (which have been substantiated by us above, for research purposes can be equated outsourcing services), as a rule,moves from countries with expensive labor (in which the product usually is developed due to the presence in the country sufficient amount required for the stage of development of highly skilled labor force and begins to be introduced) to countries with low cost labor force required for mass production and necks thusIt violates this kind of a loan agreement between the entities.And this, in turn, allows you to maintain high rates of progress, and allows you to get a long-term benefit from the international outsourcing a wide range of countries involved in it.

during research experts analyzed the main existing in the research community approaches to outsourcing correlating with traditional forms of international trade.Based on the nature of outsourcing set the validity of considering outsourcing as a form of international trade, the analysis is possible in terms of the import and export operations and the effects produced are broadly similar to those that have the national economies of export-import operations included in these countries,between which the corresponding loan agreement between the entities.

can be concluded that under the assumption of a similar outsourcing services and goods in international trade, and elimination, thus the differences in formal sign between "goods" and "services, serving as the subject of international trade" - the use ofclassical Ricardian model of international trade for the treatment of outsourcing - and, above all, its mutually beneficial for both countries - can be considered justified.

Finally, the analysis of the impact of outsourcing on the domestic labor market of the importing country has identified mainly caused by outsourcing structural unemployment and its natural (due to continuous changes in the structure of the national economy and the world economy) in nature.

Thus, Ricardian idea of ​​fair trade for the economies of the countries involved in it retains its validity in relation to outsourcing as a modern form of international trade.This, in turn, confirms that the long-term benefit from the international outsourcing in the long run get both entities involved in the member countries.