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A study suggests that between now and 2015 about 3.3 million white-collar jobs will shift abroad.
Forrester Research projects that by 2005, as many as 588,000 service jobs now held by Americans will shift abroad.
Direct purchases by individuals have also been increasing sharply.Compared with the size of institutions' portfolios, the shift abroad has so far been small.
For there is much to suggest that, barring some fundamental changes at home, the shift abroad will continue to gather pace.One reason for this is the lure of subsidies and other incentives from foreign governments.
A succession of warnings – and some actions – by the UK car industry, which is almost entirely foreign-owned, have spooked ministers, who fear large parts of the industry could shift abroad following a no-deal Brexit.
As multinationals' sales move to international markets — about 60percentt of Pfizer's revenue is outside the United States — the tendency is for jobs and investment to shift abroad as well.
Similar(52)
As the largest euro-zone economy, it directly influences the fortunes of the others and its recovery has generated a mood-shift abroad as well as at home.
As head offices close, power shifts abroad and Britain risks becoming a "branch factory" economy.
The current pattern of global imbalances is the result both of thrift shifts abroad and of American actions.
But if investors are shifting abroad just because the dollar is weakening, it is not a good bet.
In February, N. Gregory Mankiw, the chairman of the White House Council of Economic Advisers, described outsourcing-the shifting abroad of previously secure jobs-as "just a new way of doing international trade".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com