About Jai-Young ChoiJai-Young Choi is Professor of Economics and the Jerry and Sheila Reese Endowed Faculty Scholar in Business, Lamar University, Beaumont, Texas, United States.
In recent decades, amid the increasing trend of globalization, it has become prevalent in world trade that firms in some countries outsource intermediate and/or finished goods or services from other firms in foreign countries for the purpose of lowering production costs and increasing production efficiency. Read more.
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