Offshoring of American Jobs: What Response from U.S. Economic Policy? by Jagdish N. Bhagwati, Alan S. Blinder (Hardback, 2009)
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About this product
- DescriptionIt is 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 ecomic powers has doubled the supply of labor to the integrated world ecomy. Ecomic 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 ecomy, and wages for most workers in the United States have indeed stagnated or declined. In this book, leading ecomists 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. ecomy 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 ecomists 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.
- Author BiographyJagdish Bhagwati is University Professor at Columbia University. He is the author of In Defense of Globalization, The Wind of the Hundred Days (MIT Press, 2002), and other books. Alan S. Blinder is G. S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University. He is the author of The Quiet Revolution: Central Banking Goes Modern and other books. Benjamin M. Friedman is William Joseph Maier Professor of Political Economy at Harvard University. His latest book is The Moral Consequences of Economic Growth.
- Author(s)Alan S. Blinder,Jagdish N. Bhagwati
- PublisherMIT Press Ltd
- Date of Publication07/08/2009
- SubjectEconomics: Professional & General
- Series TitleAlvin Hansen Symposium on Public Policy at Harvard University
- Place of PublicationCambridge, Mass.
- Country of PublicationUnited States
- ImprintMIT Press
- Content Note1 figure
- Weight295 g
- Width137 mm
- Height203 mm
- Spine11 mm
- Edited byBenjamin M. Friedman
- Introduction byBenjamin M. Friedman
- Interest AgeFrom 18 years
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