The Fear of Competitive Pressure of Globalization and Outsourcing
نویسنده
چکیده
Why does the current wave of globalization create more public concern/opposition than previous rounds of trade liberalization? This paper identifies a key difference between globalization and trade liberalization that could be responsible for it. It is shown that while both globalization and trade liberalization create inter-sector income distribution, the former also creates intra-sector income distribution and intra-sector uncertainty. These new features of globalization imply lower public support. JEL Classification: F13, D72
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