0 If a company outsources, it pays to have part of its work done by another company:
1 to get work done by making a contract with another company to do it, often in another country, rather than in your own company:
The candidate talks about working-class issues, particularly about jobs being outsourced overseas.
2 if a company outsources work, it employs another organization to do it rather than using its own employees :
As part of a recent restructuring, Anglian Water decided to outsource some of its operations.
The decision to outsource had been made for financial reasons.
outsource sth to sth Today they unveiled plans to close two factories and outsource production to Eastern Europe.
outsource jobs/work The bank was attacked over plans to outsource 4,000 jobs to Asia.
We find that when outsourcing alters the expectations of high-skill workers, globalization can lead to aggregate welfare losses.
More production processes are being outsourced to outside contractors, making supply chains longer and more convoluted.
In principle, these production processes are fully separable and, in practice, they are often outsourced to different service providers.
Most of these activities that are outsourced still do involve high transaction specificity, frequency and uncertainty.
Unfortunately, pension funds that have outsourced investments but not reinsured their liabilities are not captured by this variable.
Globalization then causes c to fall, making outsourcing an attractive option.
This is not an issue if the public pension system only manages the accumulation phase and then outsources the issuance of annuities.
Consulting firms have picked up some of the ideas from transaction cost economics in this regard, particularly with its understanding of the reasons for outsourcing.
