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Explain some of the problems and why we may lose our advanta

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Explain some of the problems and why we may lose our advantage in the 21st century.

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https://brainmass.com/economics/the-global-economy/advantage-century-454298

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One of the main reasons why we may compromise our competitive advantage is due to outsourcing, and the problems that come with outsourcing. Outsourcing is a viable solution for many problems that corporations face today. By doing so, the company can save money due to the decreased cost of wages and employee related expenses, and can save in other areas, like a cheaper cost of operations as compared to the same operations and production domestically. While there are advantages, the main advantage is one that can compromise our ...

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The expert explain some of the problems and why we may lose our advantage in the 21st century.

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