||1 of 6 people found the following review helpful.| Offshoring the Opinions of Economists|By Robert Garvin|Jagdish Bhagwati turns out to be the king of "ad hominem:" I am very clever, have studied under the finest teachers of economics, have taught most of you (in the audience). During the past 20 years, I have anticipated all the points you raise, and have refuted them convincingly. Don't fixate on India and China. Reme
It is no surprise that many fearful American workers see the call center operator in Bangalore or the factory worker in Guangzhou as a threat to their jobs. The emergence of China and India (along with other, smaller developing countries) as economic powers has doubled the supply of labor to the integrated world economy. Economic theory suggests that such a dramatic increase in the supply of labor without an accompanying increase in the supply of capital is likely ... [PDF.bd32] Offshoring of American Jobs: What Response from U.S. Economic Policy? (Alvin Hansen Symposium on Public Policy at Harvard University) Rating: 4.83 (628 Votes)
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