Outsourcing Economics: Global Value Chains in Capitalist

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Outsourcing Economics: Global Value Chains in Capitalist Development

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.

Country	USA
Binding	Paperback
Brand	Brand: Cambridge University Press
EAN	9781107609624
Feature	Used Book in Good Condition
ISBN	1107609623
IsEligibleForTradeIn	1
Label	Cambridge University Press
Manufacturer	Cambridge University Press
NumberOfItems	1
NumberOfPages	376
PublicationDate	2013-04-29
Publisher	Cambridge University Press
ReleaseDate	2013-07-04
Studio	Cambridge University Press

Outsourcing Economics: Global Value Chains in Capitalist Development