The Impact of Offshore Outsourcing on the U.S. - Pros, Cons, Questions

Dec 03, 2003, 00:00 ET from The Chicago Council on Foreign Relations

    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.

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