Nearby Words

offshoring

[awf-shawr-ing, shohr‐, of‐] Origin

off·shor·ing

[awf-shawr-ing, shohr‐, of‐]
noun
the practice of moving employees or certain business activities to foreign countries as a way to lower costs, avoid taxes, etc.: the offshoring of software jobs to China.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Collins
World English Dictionary
offshoring (ˈɒfˌʃɔːrɪŋ)
 
n
the practice of moving a company's operating base to a foreign country where labour costs are cheaper

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Dictionary.com's 21st Century Lexicon
Main Entry:  offshoring
Part of Speech:  n
Definition:  the practice of moving business processes or services to another country, esp. overseas, to reduce costs
Dictionary.com's 21st Century Lexicon
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Etymonline
Word Origin & History

offshoring
in the economic sense, as a form of outsourcing, attested by 1988, from offshore.
Online Etymology Dictionary, © 2010 Douglas Harper
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FOLDOC
Computing Dictionary

offshoring definition

business
Transfer of a business process, e.g. manufacturing or customer service, from a company in one country to the same or another company in a different country. This overlaps partially with outsourcing, in which work is transferred to a different company in the same or a different country.
(2008-12-12)

The Free On-line Dictionary of Computing, © Denis Howe 2010 http://foldoc.org
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Encyclopedia Britannica
Encyclopedia

offshoring

the practice of outsourcing operations overseas, usually by companies from industrialized countries to less-developed countries, with the intention of reducing the cost of doing business. Chief among the specific reasons for locating operations outside a corporation's home country are lower labour costs, more lenient environmental regulations, less stringent labour regulations, favourable tax conditions, and proximity to raw materials.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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