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Globalised Outsourcing effectiveness

In your opinion, does outsourcing and the reality of global competition constitute a race to the bottom or is it simply an example of sourcing efficiencies? Please refer to the views of John Hilary, Martin Wolf and Matthew Sparke on this topic before positioning yourself in this debate. (Sources: uploaded chapters in weeks 1-3 from Hilary, Wolf and Sparke; personal reflection)

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