CHICAGO, Dec. 3 /PRNewswire/ -- Does outsourcing work? If so, what are the benefits? If not, what are the short- and long-term effects on the local and national economy? While outsourcing is a sensitive issue in the United States for politicians, consumers, and labor unions who continue to wonder about unforeseen effects of offshore outsourcing on the U.S. economy and labor market, U.S. foreign relations, and on U.S. national security -- others in the business sector try to explain the benefits and myths of offshore outsourcing. To address these concerns the Mid-America Committee of The Chicago Council on Foreign Relations joins with the Strategic Management Association of Chicago to present a panel of experts who will discuss current trends and political implications of offshore outsourcing on Tuesday, December 9, from 7:00 a.m. to 1:30 p.m. at The Chicago Club, 81 East Van Buren Street. Speakers include: Don Manzullo (R-IL), United States House of Representatives, Small Business Committee; Dipesh Biswas, senior manager, Deloitte Consulting; Marcus Courtney, president, WASHTECH/CWA; John Erik Garr, partner, Diamond Cluster International; Chris Israel, deputy assistant secretary, U.S. Department of Commerce, Technology Policy; Pradip Kamat, president, Indus International, Inc.; Tarun Khanna, professor, Harvard University School of Business; Peter Tannenwald, regional manager and associate vice president, Infosys, and William Testa, vice president and director of regional programs, Federal Reserve Bank of Chicago. This panel of experts will discuss two main issues that arise when considering offshore outsourcing: how companies successfully outsource with offshore partners in the face of many challenges while maintaining control and quality; and what projects are economically feasible for outsourcing and which businesses are better brought back to the United States The luncheon keynote speaker will discuss the issues of protectionism and comparative advantage, the effects of outsourcing on the U.S. economy and labor markets, productivity, and the future of the multinational corporation. The Chicago Council on Foreign Relations (CCFR) is an independent, non- profit international affairs organization that provides a forum for the review of significant international issues and foreign policy. Council programs feature major policy makers, foreign experts and international leaders -- offering participants the opportunity to ask questions, voice opinions and engage in candid discussions. Founded in 1922, The Council is supported by its members, individuals, corporations, and foundations.
SOURCE The Chicago Council on Foreign Relations