Should we be protected against foreign outsourcing?

With markets moving toward increasing globalization, the prospect of seeing companies transfer part of their activities abroad is causing growing alarm. Many are worried in particular about the rising economic influence of some Asian countries such as China and India that can call upon an ample supply of increasingly qualified workers who are willing to work for a fraction of the salaries paid in industrialized countries. Pessimists predict a dark future for labour markets in developed countries if nothing is done to halt job transfers to emerging countries. The temptation may thus be great for Canada to follow the example of the United States, which has already taken protectionist measures to counteract the outsourcing movement.

Links of interest

Media release: Foreign Outsourcing by Businesses: Canada Must Steer Clear of Protectionist Measures