The answer is: Although companies may be attracted to offshoring because of potentially lower labor costs, reshoring is becoming more common.
This statement is generally not true. Many emerging markets face challenges in finding skilled talent due to educational and infrastructural limitations.
Globalization affects multiple sectors of the economy, including manufacturing, services, technology, and finance, among others. It is not limited to a particular sector.
This statement is true. While offshoring has been popular for reducing labor costs, there is a growing trend of reshoring, where companies bring operations back to their home country due to factors like quality control, logistics, and changing cost dynamics.
While offshoring often involves low-skilled jobs, it is not limited to them. Many companies also offshore high-skilled jobs, such as IT services and customer support.
This statement is not universally true. Cultural understanding can vary significantly among managers, and lack of cultural awareness is often cited as a challenge in international business operations.