|Part of Speech:||n|
|Definition:||the practice of moving business processes or services to another country, esp. overseas, to reduce costs|
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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