Fear of Offshoring

Alan S. Blinder

No 83, Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

Abstract: One thing you should never predict is the future. That is generally sage advice, which I try to live by. Futurology is a loser’s game. Nonetheless, I am going to ignore this wise canon in this essay and throw caution to the wind. Why? Because one aspect of our economic future seems to me so certain, and its implications so far-reaching and yet non-obvious, that serious thinking about it is imperative--and yet very little attention has been devoted to it to date. I refer to the phenomenon that has been clumsily dubbed offshoring, meaning the migration of certain jobs (but not the people performing them) from rich countries to poor ones.

Date: 2005-12
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