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Globalization, Offshoring and Economic Insecurity in Industrialized Countries (2008)
| Venue: | World Economic and Social Survey 2008 Background Paper, Department of Economic and Social Affairs, United Nations |
| Citations: | 5 - 2 self |
BibTeX
@INPROCEEDINGS{Milberg08globalization,offshoring,
author = {William Milberg and Deborah Schöller},
title = {Globalization, Offshoring and Economic Insecurity in Industrialized Countries},
booktitle = {World Economic and Social Survey 2008 Background Paper, Department of Economic and Social Affairs, United Nations},
year = {2008}
}
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Abstract
This paper shows that a “new wave of globalization, ” involving extensive offshoring, has raised both actual and perceived labor market insecurity in industrialized countries. The paper analyzes various channels through which this new wave of globalization leads to economic insecurity. In particular, it emphasises the key role of overall macroeconomic conditions for spreading and sustaining the potential benefits of offshoring. It discusses and points out the inadequacies of various policy responses that industrialized countries have come up with so far to the challenges of the new of globalization and advocates urgent steps toward formulation of policies and erection of institutional structure more appropriate to confront these challenges.
