Economics

Outsourcing reflects current economic trends. In a global economy based on skilled services, outsourcing has become the backbone of many efficient, well-organized enterprises. Virtually everyone outsources some function in order to be able to devote scarce resources to their own unique core skills and products. Outsourcing comes in many "flavors," depending on the economic challenges and opportunities. Properly conceived and implemented, outsourcing can increase revenue, improve cost-effectiveness, and enable organizations to better manage their assets and redefine their market.

Readings

European Community: A Services Directive at Last- On December 27, 2006, the European Union’s Parliament and Council of the European Union adopted Directive 2006/123/EC on “Services in the Internal Market.”  This pivotal directive represents the culmination of additional year’s negotiations following the failure to adopt a prior services directive on the same subject.  It represents an important step in cross-border flow of services within the European Union.  More importantly, it distinguishes between rights of establishment and rights to provide and receive services across member states.  See www.outsourcing-law.com/1070-Euro_Services_Directive_2006.htm.