IDEAS home Printed from https://ideas.repec.org/a/bpj/glecon/v18y2018i3p11n4.html
   My bibliography  Save this article

The Liberal World Order and the Job-Offshoring Backlash—In Structuralist Perspective

Author

Listed:
  • Ozawa Terutomo

    (Emeritus Professor of Economics, Colorado State University, Fort Collins, CO80523, USA; Research Associate, Center on Japanese Economy and Business, Columbia Business School, New York, N.Y. 10027, U.S.A)

Abstract

Many factors have contributed to the current wave of anti-globalization sentiments in the advanced world. This paper focuses on one of such factors, MNEs’ job-offshoring through their overseas networks of operation and its impact on the US working class. To this end, the “ladder of economic development a la Schumpeter” is presented as an analytical model from a structuralist point of view. Within this framework, the relations of innovation-driven structural change, transmigration of industries from more advanced to emerging economies at the hands of MNEs, and the globalization-afflicted working class and communities in the US are examined as closely intertwined, co-evolutionary phenomena. Four MNE-related sources of globalization angst and social costs are then discussed. The paper concludes with a much-needed analysis of the economic rationales for President Trump’s “if you sell here, produce here” jawboning on MNEs.

Suggested Citation

  • Ozawa Terutomo, 2018. "The Liberal World Order and the Job-Offshoring Backlash—In Structuralist Perspective," Global Economy Journal, De Gruyter, vol. 18(3), pages 1-11, September.
    • Handle: RePEc:bpj:glecon:v:18:y:2018:i:3:p:11:n:4
    DOI: 10.1515/gej-2018-0026
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/gej-2018-0026
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/gej-2018-0026?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kojima, Kiyoshi & Ozawa, Terutomo, 1984. "Micro- and Macro-Economic Models of Direct Foreign Investment : Toward a Synthesis," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 25(1), pages 1-20, June.
    2. Justin Yifu Lin, 2012. "New Structural Economics : A Framework for Rethinking Development and Policy," World Bank Publications - Books, The World Bank Group, number 2232, December.
    3. Terutomo Ozawa, 2016. "The Evolution of the World Economy," Books, Edward Elgar Publishing, number 14828.
    4. Paul A. Samuelson, 2004. "Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 135-146, Summer.
    5. Terutomo Ozawa, 2009. "The Rise of Asia," Books, Edward Elgar Publishing, number 13084.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Terutomo Ozawa, 2019. "A note on Dani Rodrik, “Populism and the economics of globalization”," Journal of International Business Policy, Palgrave Macmillan, vol. 2(2), pages 182-193, June.
    2. Fang Cai, 2015. "Haste Makes Waste: Policy Options Facing China after Reaching the Lewis Turning Point," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(1), pages 1-20, January.
    3. J. Bradford Jensen & Lori G. Kletzer, 2010. "Measuring Tradable Services and the Task Content of Offshorable Services Jobs," NBER Chapters, in: Labor in the New Economy, pages 309-335, National Bureau of Economic Research, Inc.
    4. Robert Z. Lawrence & Lawrence Edward, 2010. "Do Developed and Developing Countries Compete Head to Head in High Tech?," Working Paper Series WP10-8, Peterson Institute for International Economics.
    5. Andrei A Levchenko & Jing Zhang, 2013. "The Global Labor Market Impact of Emerging Giants: A Quantitative Assessment," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(3), pages 479-519, August.
    6. Thomas I. Palley, 2006. "Rethinking Trade and Trade Policy: Gomory, Baumol, and Samuelson on Comparative Advantage," Economics Public Policy Brief Archive ppb_86, Levy Economics Institute.
    7. Boggio, Luciano, 2009. "Long-run effects of low-wage countries' growing competitiveness and exports of manufactures," Structural Change and Economic Dynamics, Elsevier, vol. 20(1), pages 38-49, March.
    8. repec:spo:wpecon:info:hdl:2441/1931 is not listed on IDEAS
    9. Daron Acemoglu & Gino Gancia & Fabrizio Zilibotti, 2015. "Offshoring and Directed Technical Change," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(3), pages 84-122, July.
    10. Zhang, Xiaobo & Rashid, Shahidur & Kaikaus, Ahmad & Ahmed, Akhter, 2021. "Escalation of real wages in Bangladesh: Is it the beginning of structural transformation?," IFPRI book chapters, in: Securing food for all in Bangladesh, chapter 10, pages 343-374, International Food Policy Research Institute (IFPRI).
    11. Jacek STROJNY & Jakub PIECUCH, 2017. "The land use structure of agricultural holdings in the Central and East European Countries and its evolution," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(1), pages 13-23.
    12. Mann, Catherine L., 1993. "Determinants of Japanese direct investment in US manufacturing industries," Journal of International Money and Finance, Elsevier, vol. 12(5), pages 523-541, October.
    13. Giovanni Dosi & Andrea Roventini & Emmanuele Russo, 2020. "Public Policies And The Art Of Catching Up," Working Papers hal-03242369, HAL.
    14. Hartmut Egger & Udo Kreickemeier & Jens Wrona, 2017. "Offshoring Domestic Jobs," World Scientific Book Chapters, in: International Trade and Labor Markets Welfare, Inequality and Unemployment, chapter 2, pages 27-70, World Scientific Publishing Co. Pte. Ltd..
    15. Catherine Mathieu & Henri Sterdyniak, 2005. "International relocation and deindustrialisation: some French perspectives," Sciences Po publications N°2005-09, Sciences Po.
    16. Lee, Keun & Juma, Calestous & Mathews, John, 2014. "Innovation capabilities for sustainable development in Africa," WIDER Working Paper Series 062, World Institute for Development Economic Research (UNU-WIDER).
    17. Alan S Blinder, 2007. "Offshoring: Big Deal, or Business as Usual?," Working Papers 149, Princeton University, Department of Economics, Center for Economic Policy Studies..
    18. Wang, Can & Deng, Mengzhi & Deng, Junfeng, 2020. "Factor reallocation and structural transformation implications of grain subsidies in China," Journal of Asian Economics, Elsevier, vol. 71(C).
    19. Yuqing Xing, 2008. "Sino-Japanese Relations: The Dimensions of Trade and FDI," Working Papers EMS_2008_06, Research Institute, International University of Japan.
    20. Bernhard Michel & François Rycx, 2012. "Does offshoring of materials and business services affect employment? Evidence from a small open economy," Applied Economics, Taylor & Francis Journals, vol. 44(2), pages 229-251, January.
    21. Saint-Paul, Gilles, 2007. "Making sense of Bolkestein-bashing: Trade liberalization under segmented labor markets," Journal of International Economics, Elsevier, vol. 73(1), pages 152-174, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:glecon:v:18:y:2018:i:3:p:11:n:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.