The requirements for such co-operation, and hence for modern economic life, which is founded on specialisation and an infinitely elaborated division of labour, are more demanding than you might suppose.

ECONOMIST: Economics focus

In the event that insourcing is necessary, these skilled resources are critical to establishing job requirements for internal recruiting and setting up the internal operation.

FORBES: Why Some U.S. Companies Are Giving Up On Outsourcing

And there is much more to be done, it suggests, involving cross-border banking, disclosure requirements, indices of systemic risk and international co-operation.

ECONOMIST: World economy