When talking about economy -
Export of goods and services = good, money is coming into the country boosting the economy. You're getting money for goods and services sent overseas, putting more money into the economy.
Import of goods and services = bad, money is being spent overseas taking money out of the economy, leaving less money for everyone here, and meaning there's less jobs because the jobs are being filled overseas.
In economic terms, outsourcing is a bad idea when speaking economy on a national level. It might be good for the company that's doing it, their costs are down and their profits up, but as far as a country is concerned, it just leads to a bigger recession.
The only way to beat it is to move to the country that's getting all the contracts - in this case, India, or wherever it happens to be next, the Phillipines I guess.
