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...

Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing...