A common means of using cheap labor overseas is contract manufacturing, which involves contracting for the production of finished goods or component parts. These goods or components are then imported to the home country, or to other countries, for assembly or sale. Alternatively, they may be sold in the host country. If managers can ensure the reliability and quality of the local contractor and work out adequate means of capital repatriation, this strategy can be a desirable means of quick entry into a country with a low capital investment and none of the problems of local ownership. Firms like Nike use contract manufacturing around the world.
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