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The Pope pontificates: offshore outsourcing is amoral.

Publication: Manufacturing & Technology News
Publication Date: 19-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Outsourcing has run amok, driven by multinational corporations' disregard for everything other than maximizing profits for shareholders, according to Pope Benedict XVI.

In an "encyclical" letter issued this past summer, Benedict uses such phrases as "democracy at risk," "dysfunctions and deviations," and "grave imbalances" to describe the current system of maximizing profits through outsourcing of production from high-priced developed countries to low-cost developing nations. Globalization has developed at a "ferocious pace" that is leading to "new forms of economic marginalization" caused by tens of millions of people losing their jobs or being employed in deplorable conditions. "The current...

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