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...

In this paper we examine the reduction in the relative employment and wages of unskilled workers in the U.S. during the 1980's. We argue that a contributing factor to this decline was rising imports reflecting the outsourcing of production activities. In a theoretical model, we show that any...

In this paper, we estimate the benefits to countries that purchase goods from China of having access to intermediary services provided by Hong Kong. Traders in Hong Kong supply information on markets and producers in China, which provides welfare gains to foreign firms using these services....