The Economics of Outsourcing: How Should Policy Respond?
AbstractAccording to Research Associate Thomas A. Palley, global outsourcing represents a new economic challenge that calls for a new set of institutions. In this brief, he expands upon the problems of offshore outsourcing as outlined in Public Policy Brief no. 86 and focuses on the microeconomic foundations. He argues that outsourcing is a central element of globalization that is best understood as a new form of competition. Palley urges policymakers to understand the economic basis of outsourcing in order to develop effective policies, and suggests that they focus on enhancing national competitiveness and establishing new rules that govern the nature of global competition.
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Bibliographic InfoPaper provided by Levy Economics Institute, The in its series Economics Public Policy Brief Archive with number ppb_89.
Date of creation: Jan 2007
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Other versions of this item:
- Thomas Palley, 2008. "The Economics of Outsourcing: How Should Policy Respond?," Review of Social Economy, Taylor and Francis Journals, vol. 66(3), pages 279-295.
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