FROM OUTSOURCING TO PUBLIC – PRIVATE PARTNERSHIP
In business outsourcing involves the contracting out of a business process to another party. Outsourcing sometimes involves transferring employees and assets from one firm to another. It is also the practice of handing over control of public services to for-profit corporations. (1) Outsourcing includes both foreign and domestic contracting. (2) Financial savings from lower international labour rates can provide a major motivation for outsourcing or off-shoring.