Along with its painful economic costs, the financial crisis of 2008 raised concerns over the future of international policy making. As in recessions past, new policy initiatives emerged, approaches that placed greater importance on protecting national interests than promoting international...

Offshoring in the Global Economy Microeconomic Structure and Macroeconomic Implications Robert C. Feenstra The MIT Press Cambridge, Massachusetts London, England Contents Preface vii Lecture 1: Microeconomic Structure 1 Lecture 2: Macroeconomic Implications 59 Conclusions...

We identify "first generation" statistics to measure offshoring as the share of imported intermediate inputs in costs, along with O*NET data to measure the tradability of tasks. These data were used to measure the shifts in relative labor demand and relative wages due to offshoring. A limitation...