The closure of a manufacturing plant can have a devastatingeffect on the local economy.Globalization has made it easy for businesses to move to places where the cost of production is lower. Textile is labor-intensive, and labor cost is the most important determining factor for the location of the manufacturingplant. Many US manufacturing firms moved to China where the labor cost is much lower. Although businesses benefit from this move, the cost to the US is the loss of jobs.

Is there a way to make outsourcing US businesses a win-win situation?