outsouring jobs to foreign countries, the postive and negative effects?

Answer 1

Positive: lower labor costs lead to US consumers able to afford more (remember how much TVs cost when all were made in the US?), allows countries to specialize in what their best in instead of duplicating efforts.

Negatives: those who did the labor not as well as other countries are unemployed temporarily--they can be retrained in new fields, which should result in a net job loss of zero or net job gain.

In the late 1920s, there were many protectionist laws enacted, which prevented trade. This was one of the causes of the Depression.

Answer 2

The possitive is lower wages and costs for companies. But the negative is that there are fewer jobs here in our own county. Prices can be lower, but unemployment goes up.