Offshoring
/ˈɒfʃɔːrɪŋ/
Definitions
- (n.) The practice of relocating business processes or production to a foreign country, often to reduce costs or regulatory burdens.
The company's offshoring strategy raised regulatory concerns regarding labor standards.
Related terms
See also
Commentary
Offshoring is often legally significant regarding employment law, tax law, and international trade regulations.
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