Outsourcing Economics Global Value Chains in Capitalist Development |
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| Author:
| Milberg, William
Winkler, Deborah |
| ISBN: | 978-1-107-02699-5 |
| Publication Date: | Apr 2013 |
| Publisher: | Cambridge University Press
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| Book Format: | Hardback |
| List Price: | USD $101.00 |
Book Description:
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William Milberg and Deborah Winkler propose an institutional theory of trade and development. They find that offshoring reduces employment and raises income inequality in 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.
William Milberg and Deborah Winkler propose an institutional theory of trade and development. They find that offshoring reduces employment and raises income inequality in 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.