[Corporations] FPIF News | Economics of Outsourcing

[IRC]

New at FPIF

“Working to make the United States a more responsible global leader and
partner”
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Introducing the latest policy analysis from Foreign Policy In Focus

The Economics of Outsourcing: How Should Policy Respond?
By Thomas Palley

Outsourcing is a central element of economic globalization,
representing a new form of competition. Responding to outsourcing calls
for policies that enhance national competitiveness and establish rules
ensuring acceptable forms of competition. Viewing outsourcing through
the lens of competition connects with early 20th century American
institutional economics. The policy challenge is to construct
institutions that ensure stable, robust flows of demand and income,
thereby addressing the Keynesian problem while preserving incentives
for economic action. This was the approach embedded in the New Deal,
which successfully addressed the problems of the Depression era. Global
outsourcing poses the challenge anew and calls for creative
institutional arrangements to shape the nature of competition. 

Dr. Palley (www.thomaspalley.com) is the author of Plenty of Nothing:
The Downsizing of the American Dream and the Case for Structural
Keynesianism (Princeton University Press) and Post Keynesian Economics
(Macmillan Press) and is a regular contributor to Foreign Policy In
Focus (www.fpif.org). This policy report is a shortened version of a
paper presented at a conference on “The Political Economy of
Governance” held at the University of Bourgogne, Dijon, France,
December 2-3, 2005. His weekly economic policy blog is published at
www.thomaspalley.com.

See new IRC commentary online at: 
http://fpif.org/fpiftxt/3134

With printer-friendly pdf version at: 
http://fpif.org/pdf/papers/0603outsourcing.pdf

For media inquiries Emily Schwartz Greco, emily at ips-dc.org,
202-297-5412 
  Siri Khalsa, media at irc-online.org, 505-388-0208 
 
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