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Labor and the globalization of production : causes and consequences of industrial upgrading
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ISBN: 1403935025 Year: 2004 Publisher: New York : Palgrave,


Book
Outsourcing economics
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ISBN: 9781107609624 9781139208772 9781107026995 1139208772 9781107341852 110734185X 9781107345607 110734560X 9781107348103 1107348102 1107026997 1107609623 1107357721 9781107357723 Year: 2013 Publisher: Cambridge [England] New York Cambridge University Press

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Abstract

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.


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Outsourcing economics : global value chains in capitalist development
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ISBN: 9781139208772 Year: 2013 Publisher: Cambridge Cambridge University Press

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The crisis of vision in modern economic thought
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ISBN: 0521497140 0521497744 9780521497749 9780521497145 9780511605574 0511605579 0511888309 0511002343 9780511002342 Year: 1995 Publisher: Cambridge Cambridge University Press

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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.


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Trade Crisis and Recovery : Restructuring of Global Value Chains
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Year: 2010 Publisher: Washington, D.C., The World Bank,

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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?


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The making of economic society
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ISBN: 0132822385 0136080693 9780132822381 9780136080695 Year: 2012 Publisher: Upper Saddle River, N.J. Pearson

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Keywords

Economic history


Book
Trade Crisis and Recovery : Restructuring of Global Value Chains
Authors: --- ---
Year: 2010 Publisher: Washington, D.C., The World Bank,

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Abstract

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?

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