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portada Outsourcing Economics
Type
Physical Book
Author
Publisher
Year
2013
Language
English
Pages
376
Format
Paperback
Dimensions
22.6x15.2x2.3 cm
Weight
0.50 kg.
ISBN13
9781107609624
Categories

Outsourcing Economics

William Milberg (Author) · Deborah Winkler (Author) · Cambridge University Press · Paperback

Outsourcing Economics - Milberg, William ; Winkler, Deborah

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Delivery: 16 Oct - 20 Oct Shipping: 5 to 6 business days.
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Synopsis "Outsourcing Economics"

Outsourcing Economics has a double meaning. First, it is a book about the economics of outsourcing. Second, it examines the way that economists have understood globalization as a pure market phenomenon, and as a result have "outsourced" the explanation of world economic forces to other disciplines. Markets are embedded in a set of institutions - labor, government, corporate - that mold the power asymmetries that influence the distribution of the gains from globalization. In this book, William Milberg and Deborah Winkler propose an institutional theory of trade and development. They find that offshoring reduces employment and raises income inequality in countries that lack institutions supporting workers. They also find that offshoring allows firms to reduce domestic investment and focus on finance and short-run stock movements. Development has become synonymous with "upgrading" in global value chains, but this is not sufficient for improved wages or labor standards.

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