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    Outsourcing Economics: Global Value Chains in Capitalist Development (Paperback) By (author) William Milberg, By (author) Deborah Winkler

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    DescriptionOutsourcing 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. Economic development has become synonymous with 'upgrading' in global value chains, but this is not sufficient for improved wages or labor standards, raising obstacles to sustained economic development for many emerging economies.


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  • Full bibliographic data for Outsourcing Economics

    Title
    Outsourcing Economics
    Subtitle
    Global Value Chains in Capitalist Development
    Authors and contributors
    By (author) William Milberg, By (author) Deborah Winkler
    Physical properties
    Format: Paperback
    Number of pages: 370
    Width: 152 mm
    Height: 228 mm
    Thickness: 20 mm
    Weight: 500 g
    Language
    English
    ISBN
    ISBN 13: 9781107609624
    ISBN 10: 1107609623
    Classifications

    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    B&T Modifier: Region of Publication: 01
    BIC subject category V2: KCL, KJK, KCLF, KCP, JHBL
    B&T General Subject: 180
    B&T Modifier: Geographic Designator: 01
    Ingram Subject Code: BE
    Libri: I-BE
    B&T Modifier: Academic Level: 02
    BISAC V2.8: BUS082000
    Warengruppen-Systematik des deutschen Buchhandels: 27870
    B&T Merchandise Category: UP
    LC subject heading: ,
    BISAC V2.8: BUS070000
    DC22: 338.6
    LC subject heading: , ,
    BIC subject category V2: KCG, KCD
    LC subject heading: , ,
    BISAC region code: 4.0.1.0.0.0.0
    DC23: 338.9
    LC classification: HD2368.U6 M55 2013
    Ingram Theme: ASPT/ECONAS
    Edition statement
    New ed.
    Illustrations note
    57 b/w illus. 34 tables
    Publisher
    CAMBRIDGE UNIVERSITY PRESS
    Imprint name
    CAMBRIDGE UNIVERSITY PRESS
    Publication date
    29 April 2013
    Publication City/Country
    Cambridge
    Author Information
    William Milberg is Professor of Economics at the New School for Social Research in New York. He has served as a consultant to the International Labor Organization (ILO), the World Bank, and the UN Conference on Trade and Development (UNCTAD). He is the author (with Robert Heilbroner) of The Making of Economic Society and The Crisis of Vision in Modern Economic Thought, and the editor of Labor and the Globalization of Production, as well as the author of numerous articles on the labor market effects of international trade and on the methodology of economics. Professor Milberg received his PhD in economics from Rutgers University. Deborah Winkler is Research Associate with the Schwartz Center for Economic Policy Analysis at the New School for Social Research. She also serves as a consultant to the World Bank's International Trade Department. She is the author of Services Offshoring and Its Impact on the Labor Market. Her recent articles have appeared in World Development, the Journal of Economic Geography, and World Economy, as well as in edited volumes of the World Bank, the ILO-WTO, and the Oxford Handbook Series. Dr Winkler received her PhD in economics from Hohenheim University, Germany.
    Table of contents
    1. Introduction; 2. The new wave of globalization; 3. What role for comparative advantage?; 4. Lead firm strategy and global value chain structure; 5. Economic insecurity in the new wave of globalization; 6. Financialization and the dynamics of offshoring; 7. Economic development as industrial upgrading in global value chains; 8. Outsourcing economics.