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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Outsourcing Economics

Outsourcing Economics

Milberg, William
Winkler, Deborah

Paperback

Business GeneralLabor

ISBN10: 1107609623
ISBN13: 9781107609624
Publisher: Cambridge University Press
Published: Apr 29 2013
Pages: 376
Weight: 1.10
Height: 0.90 Width: 6.00 Depth: 8.90
Language: English
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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