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The Liberal World Order and the Job-Offshoring Backlash—In Structuralist Perspective.
- Source :
- Global Economy Journal; Sep2018, Vol. 18 Issue 3, pN.PAG-N.PAG, 11p
- Publication Year :
- 2018
-
Abstract
- Many factors have contributed to the current wave of anti-globalization sentiments in the advanced world. This paper focuses on one of such factors, MNEs’ job-offshoring through their overseas networks of operation and its impact on the US working class. To this end, the “ladder of economic development a la Schumpeter” is presented as an analytical model from a structuralist point of view. Within this framework, the relations of innovation-driven structural change, transmigration of industries from more advanced to emerging economies at the hands of MNEs, and the globalization-afflicted working class and communities in the US are examined as closely intertwined, co-evolutionary phenomena. Four MNE-related sources of globalization angst and social costs are then discussed. The paper concludes with a much-needed analysis of the economic rationales for President Trump’s “if you sell here, produce here” jawboning on MNEs. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 21945659
- Volume :
- 18
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Global Economy Journal
- Publication Type :
- Academic Journal
- Accession number :
- 131176103
- Full Text :
- https://doi.org/10.1515/gej-2018-0026