Globalization, Offshoring and Economic Insecurity in Industrialized Countries

William Milberg and Deborah Winkler

Working Papers from United Nations, Department of Economics and Social Affairs

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. It emphasises the key role of overall macroeconomic conditions in determining the outcome of offshoring. The paper points out the inadequacies of various policy responses that industrialized countries have come up with so far and advocates urgent steps toward formulation of policies and erection of institutional structure more appropriate to confront the challenges of the new of globalization.

Keywords: offshoring; contracting out internationally; economic insecurity; profit share; financialization; globalized production; social security benefits (search for similar items in EconPapers)
JEL-codes: F2 J3 L24 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2009-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:87

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