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Production (théorie économique) --- Industries --- Globalisation --- Marché du travail --- Commerce international --- innovations technologiques --- aspects économiques --- Production (théorie économique) --- Industries --- Globalisation --- Marché du travail --- Commerce international --- innovations technologiques --- aspects économiques
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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.
Offshore outsourcing --- Labor market --- Foreign trade and employment --- Globalization --- Free trade --- Off-shoring --- Offshoring --- Contracting out --- Economic aspects --- E-books --- Business, Economy and Management --- Economics --- Economic aspects.
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A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a 'vision' - a set of widely shared political and social preconceptions - on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 to the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The 'unraveling' of Keynesianism has been followed by a division of discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. Heilbroner and Milberg's analysis attempts both to describe this state of affairs, and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks.
Economics --- -330.09 --- Economic theory --- Political economy --- History --- -Economics --- Economie politique --- Histoire --- 330.48 --- AA / International- internationaal --- Neo-klassiekers en andere post-keynesiaanse theorieën. Public choice. Institutionalisten. Home economics. Analyseschool van de transactiekosten --- 20th century --- Business, Economy and Management --- Economics - History - 20th century
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The recent large and rapid slowdown in economic activity has resulted in even larger and more rapid declines in international trade. As world trade is set to rebound, this paper addresses three questions: (i) Will trade volumes rebound in a symmetric fashion as world economic growth rebounds? (ii) Will the crisis result in a change in the structure of trade, and in particular will it lead to a reversal of the pattern of more diversified sourcing and thus to a consolidation of global value chains? (iii) What policies can improve the prospects for developing country growth in the event that trade volumes do not rebound symmetrically and there is a consolidation of some global value chains?
Aggregate demand --- Business cycles --- Comparative advantage --- Currencies and Exchange Rates --- Debt Markets --- Development strategies --- Economic Analysis --- Economic groupings --- Economic Theory & Research --- Economics --- Elasticity --- Emerging Markets --- Exports --- Finance and Financial Sector Development --- GDP --- Gross Domestic Product --- Growth potential --- International Economics and Trade --- International trade --- Macroeconomics and Economic Growth --- Middle Income Countries --- National Income --- Private Sector Development --- Structural change --- Trade Policy --- Unemployment --- Value added --- World Trade Organization --- WTO
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The recent large and rapid slowdown in economic activity has resulted in even larger and more rapid declines in international trade. As world trade is set to rebound, this paper addresses three questions: (i) Will trade volumes rebound in a symmetric fashion as world economic growth rebounds? (ii) Will the crisis result in a change in the structure of trade, and in particular will it lead to a reversal of the pattern of more diversified sourcing and thus to a consolidation of global value chains? (iii) What policies can improve the prospects for developing country growth in the event that trade volumes do not rebound symmetrically and there is a consolidation of some global value chains?
Aggregate demand --- Business cycles --- Comparative advantage --- Currencies and Exchange Rates --- Debt Markets --- Development strategies --- Economic Analysis --- Economic groupings --- Economic Theory & Research --- Economics --- Elasticity --- Emerging Markets --- Exports --- Finance and Financial Sector Development --- GDP --- Gross Domestic Product --- Growth potential --- International Economics and Trade --- International trade --- Macroeconomics and Economic Growth --- Middle Income Countries --- National Income --- Private Sector Development --- Structural change --- Trade Policy --- Unemployment --- Value added --- World Trade Organization --- WTO
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