Research Catalog

Offshoring of American jobs : what response from U.S. economic policy?

Title
Offshoring of American jobs : what response from U.S. economic policy? / Jagdish Bhagwati and Alan S. Blinder ; the Alvin Hansen Symposium on Public Policy, Harvard University ; edited and with an introduction by Benjamin M. Friedman.
Author
Alvin Hansen Symposium on Public Policy (4th : 2007 : Harvard University)
Publication
Cambridge, Mass. : MIT Press, [2009], ©2009.

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Additional Authors
  • Bhagwati, Jagdish N., 1934-
  • Blinder, Alan S.
  • Friedman, Benjamin M.
Description
xiv, 141 pages : illustrations; 21 cm
Summary
"It is no surprise that many fearful American workers see the call center operator in Bangalore or the factory worker in Guangzhou as a threat to their jobs. The emergence of China and India (along with other, smaller developing countries) as economic powers has doubled the supply of labor to the integrated world economy. Economic theory suggests that such a dramatic increase in the supply of labor without an accompanying increase in the supply of capital is likely to exert downward pressure on wages for workers already in the integrated world economy, and wages for most workers in the United States have indeed stagnated or declined. In this book, leading economists Jagdish Bhagwati and Alan S. Blinder offer their perspectives on how the outsourcing of labor and the shifting of jobs to lower-wage countries affect the U.S. economy and what, if any, policy responses are required." "Bhagwati, in his colorful and pithy style, focuses on globalization and free trade, while Blinder, erudite and witty, addresses the significance of labor market adjustment caused by trade. Bhagwati's and Blinder's contributions are followed by comments from economists Richard Freedman, Douglas A. Irwin, Lori G. Kletzer, and Robert Z. Lawrence. Bhagwati and Blinder then respond separately to the issues raised. Benjamin Friedman, who edited this volume (and organized the symposium that inspired it), provides an introduction."--BOOK JACKET.
Subject
  • Offshore outsourcing > United States
  • Labor market > United States
  • Manpower policy > United States
  • Free trade > United States
Bibliography (note)
  • Includes bibliographical references and index.
Contents
Introduction / Benjamin M. Friedman -- 1. Don't Cry for Free Trade / Jagdish Bhagwati -- 2. Offshoring: Big Deal, or Business as Usual? / Alan S. Blinder -- 3. Comments / Richard B. Freeman, Douglas A. Irwin, Lori G. Kletzer and Robert Z. Lawrence -- 4. Responses / Jagdish Bhagwati and Alan S. Blinder.
ISBN
  • 9780262013321 (hbk. : alk. paper)
  • 0262013320 (hbk. : alk. paper)
LCCN
  • 2009005943
  • 40017032922
OCLC
  • 310171793
  • ocn310171793
  • SCSB-9060331
Owning Institutions
Columbia University Libraries