Global Capitalism Unbound (1403984298) PAUS

The rapid growth of offshore outsourcing in manufacturing and IT-based services is unleashing dramatic changes around the world. This book brings together leading scholars and practitioners to analyze the implications of this huge transformation. For some observers, offshore outsourcing promises more rapid economic growth for both developed and developing countries. For others, it unravels the social contract in today’s rich countries, as labor and governments lose bargaining power vis-à-vis globally mobile capital. For yet others, it offers some developing countries the opportunity to leapfrog, while pushing others even further to the sidelines. This book provides a uniquely comprehensive, yet diverse account of the winners and losers from offshore outsourcing and of how policy might be used to spread its benefits more widely and equally.

Eva Paus is Professor of Economics and the Carol Hoffmann Collins Director of the Dorothy R. and Norman E. McCulloch Center for Global Initiatives at Mount Holyoke College in Massachusetts. She is the author of Foreign Investment, Development, and Globalization: Can Costa Rica Become Ireland? (2005)

"In a world where goods and services move more freely than the workers who produce them, globalization means offshore outsourcing. This book is essential for anyone who wants to understand this phenomenon and the debates over what to do about it."

--James K. Boyce, University of Massachusetts, Amherst

"'The global labour market has doubled over the past two decades.' An innocent-sounding observation, but it captures the dynamic of one of the great transformations of our time. This book illuminates how it has happened, and how its effects amount to a veritable political-economic 'climate change'. The doubling has brought more opportunities, higher average incomes, and political enfranchisement for billions of people; on the other hand, it has also brought heightened economic insecurity, distress migration, quests for status spilling across continents, the ascendancy of capital, and governments of all kinds 'reforming' the welfare state into an instrument of labor control. The book goes beyond analysis to suggest how in practical terms those who 'think for the world' should respond, including how to redistribute capital income without undermining investment, and how to increase the spillovers from foreign investment."

--Robert H. Wade, professor of international political economy, London School of Economics

Winners and Losers from Offshore Outsourcing: What Is to Be Done?--
Eva Paus * The Challenge of the Growing Globalization of Labor Markets to Economic and Social Policy--Richard Freeman * Offshoring and Labor Recommodification in the Global Transformation--Guy Standing * Globalization of Services: Friend or Foe?--Catherine Mann * Dynamic Gains from U.S. Services Offshoring: A Critical View--Will Milberg, R. Arnim, M. Mahoney, M. Schneider * Bargaining Power, Distributional Equity, and the Challenge of Offshoring--Jim Burke and Gerald Epstein * Social Contracts under Siege: National Responses to Globalized and Europeanized Production in Europe
Vivien Schmidt * European in the Trap: Jobs on the Run and Democracy at Stake--Hans-Peter Martin * Offshore Outsourcing of Services: Trends and Challenges for Developing Countries--Luis Abugattas * Offshore Outsourcing as a Catalyst of Economic Development: the Case of India--Navdeep Suri * Offshore Outsourcing and Industrial Restructuring: New Europe's Success--Bart Kaminski * The Impact of Foreign Investment on China’s Industrial Innovation--Gary Jefferson * Capturing the Benefits of Offshore Outsourcing for Developing Countries: The Case for Active Policies--Eva Paus and Helen Shapiro

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