Bargaining Power, Distributional Equity and the Challenge of Offshoring
James Burke and
Gerald Epstein
Chapter Chapter Six in Global Capitalism Unbound, 2007, pp 95-111 from Palgrave Macmillan
Abstract:
Abstract Offshoring, like globalization generally, is not inherently good or bad. Its effects will strongly depend on the overall national and international context within which it occurs. Here we focus on three aspects of the overall context that are especially important in determining the impact of offshoring: the state of both national and global aggregate demand (AD), the nature of domestic and international tax rules, and the nature of domestic and international coordination of policies. These three factors have a significant impact on the effects of offshoring and related phenomena on the economy, in particular on their effects on wages, inequality, and the level of unemployment and underemployment.
Keywords: Bargaining Power; Aggregate Demand; Intermediate Good; Capital Mobility; North American Free Trade Agreement (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60884-9_6
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DOI: 10.1057/9780230608849_6
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