Kooperativer Bibliotheksverbund

UID:

Format: XXVI, 349 S. : , Ill., graph. Darst.

Edition: 1. publ.

ISBN: 978-1-107-02699-5 , 978-1-107-60962-4

Note: Includes bibliographical references and index

Language: English

Subjects: Economics

Keywords: Arbeitsmarkt ; Außenhandel ; Globalisierung

URL: http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025756304&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA

URL: Inhaltsverzeichnis

URL: Inhaltsverzeichnis

Author information: Winkler, Deborah 1980-

UID:

Format: 1 online resource (xxvi, 349 pages) : , digital, PDF file(s).

Edition: 1st ed.

ISBN: 1-107-35772-1 , 1-107-34185-X , 1-107-34810-2 , 1-107-34560-X , 1-139-20877-2

Content: 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, civil society, and household - 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 starting with the growth of global value chains - international networks of production that have restructured the global economy and its governance over the past twenty-five years. They find that offshoring leads to greater economic insecurity in industrialized 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.

Note: Title from publisher's bibliographic system (viewed on 05 Oct 2015). , Contents; List of Figures; List of Tables; List of Appendices; List of Variables; List of Abbreviations; Acknowledgments; one Introduction; 1.1 The Public Debate versus the Economics Profession; 1.1.1 "Ricardo Is Still Right"; 1.1.2 Perceived and Actual Effects of Globalization; 1.1.3 The "Kletzer Effect"; 1.2 A Global Value Chain Approach to Offshoring; 1.2.1 Globalization and the Economic Crisis of 2008-2009; 1.2.2 The Governance of Value Chains; 1.2.3 Re-Embedding the Market; 1.2.4 An Interdisciplinary Account of Offshoring; Two The New Wave of Globalization; 2.1 Measures of Offshoring , 2.1.1 The Changing Nature of Trade in Intermediates2.1.2 Trade and Broader Measures of Offshoring; 2.1.3 U.S. Aggregate Offshoring Intensities; 2.1.4 U.S. Sectoral Offshoring Intensities; 2.2 Drivers of the New Wave of Globalization; 2.3 Trade Crisis and Recovery; Appendix 2.1 Classification of Sectors by Broad Economic Categories; three What Role for Comparative Advantage?; 3.1 Introduction; 3.2 The Fall and Revival of Comparative Advantage; 3.2.1 The Fall of Comparative Advantage; 3.2.2 The New International Economics Backlash; 3.2.3 The Revival of Comparative Advantage , 3.2.4 Models of Offshoring in a Comparative Advantage FrameworkOffshoring as Fragmented Production; Offshoring as Trade in Factor Services; Offshoring as "Trade in Tasks"; Limitations of Contemporary Models of Offshoring; 3.3 Limits of Comparative Advantage; 3.3.1 Conceptual Limits; Persistent Trade Imbalances; International Capital Mobility; Constant Real Wages; Footloose Input Production; Many Goods and Many Countries; Technology Gap; From a Technology Gap to a "Social Gap" Model of Trade; 3.3.2 Historical Limits; Persistent Trade Imbalances , Economic Development and Comparative Advantage "Defiance"3.3.3 Ethical Limits; 3.4 Conclusion; four Lead Firm Strategy and Global Value Chain Structure; 4.1 Trade, Profits, and Investment; 4.1.1 Cost Markups, the Profit Share, and Offshoring; Price Competition, Markups, and the Profit Share; Offshoring and the Profit Share; 4.1.2 The Persistence of Oligopoly; 4.1.3 Global Value Chains and Heightened Competition among Suppliers; 4.2 Endogenous Asymmetry of Market Structure in Global Value Chains; 4.2.1 Power and the Distribution of Valued Added; 4.2.2 Sustainability of the Asymmetry , 4.2.3 What Drives Foreign Direct Investment?4.3 Determinants of Global Value Chain Structure; 4.3.1 Transactions Cost-Based Theories; 4.3.2 Resource-Based Theories and the Shift to Core Competence; 4.3.3 Beyond Transactions Cost Minimization: Global Value Chain Governance Strategies; 4.4 A Classical Approach to Offshoring; 4.4.1 Relevance of Ricardos Dynamic Gains from Trade; 4.4.2 Static and Dynamic Gains from Offshoring; 4.4.3 Conclusion; five Economic Insecurity in the New Wave of Globalization; 5.1 Economic Insecurity; 5.2 Varieties of Capitalism and the Burden of Economic Risk , 5.2.1 Strictness of Employment Legislation versus Labor Support , English

Additional Edition: ISBN 1-107-60962-3

Additional Edition: ISBN 1-107-02699-7

Language: English

URL: Volltext  (lizenzpflichtig)

URL: https://doi.org/10.1017/CBO9781139208772

UID:

Format: 1 online resource (378 pages)

Edition: 1st ed.

ISBN: 9781107026995 , 9781107348103

Content: 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

Note: Intro -- Contents -- List of Figures -- List of Tables -- List of Appendices -- List of Variables -- List of Abbreviations -- Acknowledgments -- one Introduction -- 1.1 The Public Debate versus the Economics Profession -- 1.1.1 "Ricardo Is Still Right" -- 1.1.2 Perceived and Actual Effects of Globalization -- 1.1.3 The "Kletzer Effect" -- 1.2 A Global Value Chain Approach to Offshoring -- 1.2.1 Globalization and the Economic Crisis of 2008-2009 -- 1.2.2 The Governance of Value Chains -- 1.2.3 Re-Embedding the Market -- 1.2.4 An Interdisciplinary Account of Offshoring -- Two The New Wave of Globalization -- 2.1 Measures of Offshoring -- 2.1.1 The Changing Nature of Trade in Intermediates -- 2.1.2 Trade and Broader Measures of Offshoring -- 2.1.3 U.S. Aggregate Offshoring Intensities -- 2.1.4 U.S. Sectoral Offshoring Intensities -- 2.2 Drivers of the New Wave of Globalization -- 2.3 Trade Crisis and Recovery -- Appendix 2.1 Classification of Sectors by Broad Economic Categories -- three What Role for Comparative Advantage? -- 3.1 Introduction -- 3.2 The Fall and Revival of Comparative Advantage -- 3.2.1 The Fall of Comparative Advantage -- 3.2.2 The New International Economics Backlash -- 3.2.3 The Revival of Comparative Advantage -- 3.2.4 Models of Offshoring in a Comparative Advantage Framework -- Offshoring as Fragmented Production -- Offshoring as Trade in Factor Services -- Offshoring as "Trade in Tasks" -- Limitations of Contemporary Models of Offshoring -- 3.3 Limits of Comparative Advantage -- 3.3.1 Conceptual Limits -- Persistent Trade Imbalances -- International Capital Mobility -- Constant Real Wages -- Footloose Input Production -- Many Goods and Many Countries -- Technology Gap -- From a Technology Gap to a "Social Gap" Model of Trade -- 3.3.2 Historical Limits -- Persistent Trade Imbalances , 8.2 Trade and Exchange Rate Politics -- 2 Profits and the Macroeconomic Imbalances2 -- 8.4 Capturing the Gains from Globalization -- 8.4.1 Maximizing Dynamic Gains and Reducing Financialization -- 8.4.2 Reducing the Cost of Job Loss and Promoting Innovation -- 8.4.3 Reducing Asymmetries and Increasing Accountability for Social Standards in Global Value Chains -- 8.4.4 Industrial Policy in the Era of Vertically-Specialized Industrialization -- 8.4.5 Alternative Sources of Demand -- 8.5 Capitalisms Explanation System -- References -- Index , Economic Development and Comparative Advantage "Defiance" -- 3.3.3 Ethical Limits -- 3.4 Conclusion -- four Lead Firm Strategy and Global Value Chain Structure -- 4.1 Trade, Profits, and Investment -- 4.1.1 Cost Markups, the Profit Share, and Offshoring -- Price Competition, Markups, and the Profit Share -- Offshoring and the Profit Share -- 4.1.2 The Persistence of Oligopoly -- 4.1.3 Global Value Chains and Heightened Competition among Suppliers -- 4.2 Endogenous Asymmetry of Market Structure in Global Value Chains -- 4.2.1 Power and the Distribution of Valued Added -- 4.2.2 Sustainability of the Asymmetry -- 4.2.3 What Drives Foreign Direct Investment? -- 4.3 Determinants of Global Value Chain Structure -- 4.3.1 Transactions Cost-Based Theories -- 4.3.2 Resource-Based Theories and the Shift to Core Competence -- 4.3.3 Beyond Transactions Cost Minimization: Global Value Chain Governance Strategies -- 4.4 A Classical Approach to Offshoring -- 4.4.1 Relevance of Ricardos Dynamic Gains from Trade -- 4.4.2 Static and Dynamic Gains from Offshoring -- 4.4.3 Conclusion -- five Economic Insecurity in the New Wave of Globalization -- 5.1 Economic Insecurity -- 5.2 Varieties of Capitalism and the Burden of Economic Risk -- 5.2.1 Strictness of Employment Legislation versus Labor Support -- 5.2.2 The Burden of Economic Risk -- 5.3 Connections between Globalization and Economic Insecurity -- 5.3.1 Skill-Biased Shifts of Labor Demand -- 5.3.2 Overall Labor Demand -- 5.3.3 Labor Share of Income -- 5.3.4 Displacement from Trade -- 5.3.5 Elasticity of Labor Demand and the Threat Effect -- 5.4 Offshoring and the Labor Market: Econometric Evidence -- 5.4.1 Offshoring and Labor Demand in the United States -- 5.4.2 Offshoring and the Labor Share in the United States -- 5.4.3 Offshoring and the Labor Share: The Role of Labor Market Support -- Regression Results , Regression Results by Country Groupings and Country -- 5.4.4 Actual and Perceived Effects of Offshoring -- Appendix 5.1. Country Codes, OECD Countries -- Appendix 5.2. Data Description, United States -- Appendix 5.3. Data Description, OECD Countries -- Appendix 5.4. Sectoral Classification -- six Financialization and the Dynamics of Offshoring -- 6.1 The Shift to Core Competence, Offshoring, and Financialization -- 6.1.1 Decline in Investment -- 6.1.2 Increase in Financialization -- Explanations for Financialization -- Key Indicators of Financialization -- 6.2 Offshoring, Capital Accumulation, and Financialization: Econometric Evidence -- 6.2.1 Offshoring and Capital Accumulation in the United States -- 6.2.2 Offshoring and Financialization in the United States -- 6.3 Sustainability and Replicability of the Globalization-Financialization Link -- 6.3.1 Sustainability -- 6.3.2 Replicability -- 6.4 Conclusion: Interdependence of Globalization and Finance in the Global Crisis -- Seven Economic Development as Industrial Upgrading in Global Value Chains -- 7.1 Vertically-Specialized Industrialization -- 7.1.1 From Import Substitution to Export Orientation to Vertical Specialization -- 7.1.2 Entering Global Value Chains through Export Processing Zones -- 7.2 Economic Upgrading versus Social Upgrading -- 7.2.1 Upgrading Defined and Measured -- 7.2.2 Economic and Social Upgrading at the National Level -- Economic Upgrading -- Social Upgrading -- 10 Economic and Social Upgrading in Global Value Chains10 -- Economic Upgrading -- Social Upgrading -- Economic versus Social Upgrading -- 15 Gender Bias in Industrial Upgrading?15 -- 7.4 Obstacles to Upgrading: Prebisch-Singer Trap for the Twenty-First Century? -- Appendix 7.1. Thirty-Country Sample and Income Category -- Eight Outsourcing Economics -- 8.1 Global Business and the Polanyian Moment

Additional Edition: Print version Milberg, William Outsourcing Economics New York : Cambridge University Press,c2013 ISBN 9781107026995

Language: English

Keywords: Electronic books

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