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offshoring
/ ˈɒˌʃɔːɪŋ /
noun
- the practice of moving a company's operating base to a foreign country where labour costs are cheaper
Example Sentences
Bringing business operations back to home shores, it is the reversal of offshoring.
I knew others who had lost their jobs and contracts to offshoring.
But here’s what I never thought about at the time: I and other angry Americans hadn’t grasped that offshoring to increase profits was a central feature of capitalism, as advocated by both parties — but in particular by the mythologizers of capitalism on the Republican side.
I hadn't grasped that offshoring was a central feature of capitalism.
“China’s anticompetitive tactics,” he argued, “give Chinese companies an unfair cost advantage over American companies… Tariffs that respond to these tactics prevent or reverse offshoring, preserving America’s economic might and promoting domestic investment.”
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