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  • EBA Cambridge EBooks  (1)
  • 1
    Online Resource
    Online Resource
    2013
    ISBN: 9781139208772  ISBN: 9781107026995 (hardback)  ISBN: 9781107609624 (paperback) 
    Title: Outsourcing economics
    Subtitle: global value chains in capitalist development
    Publisher(s): Cambridge University Press
    Year of publication: 2013
    Document type: Online Resource
    Physical description: 1 online resource (xxvi, 349 pages)
    ISBN: 9781139208772 , 9781107026995 (hardback) , 9781107609624 (paperback)
    Terms of use: Vorläufiger Zugriff bis zum Jahresende
    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
    Link(s): Fulltext
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