How Offshoring and Global Supply Chains Enhance the US Economy

The 2016 US presidential election campaign has rekindled the debate over offshoring—locating business operations and jobs overseas—by US-based multinational corporations (MNCs). Some presidential candidates have assailed investments abroad by US-based MNCs as damaging to economic growth and jobs at home. They have proposed imposing a higher tax on US companies that engage in offshoring and outsourcing. These proposals will not not bring back the lost jobs and plants. Instead they would disrupt g

Source: Peterson Institute (PIIE)