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This paper considers the effects of globalization on economic insecurity. It argues that the heightened economic insecurity calls not only for greater oversight of finance, but a rebuilding of domestic labor market protections.

Analysis of 35 U.S. manufacturing and service industries over the period 1998-2006 supports aggregate and firm-level studies showing that off-shoring is associated with a higher share of corporate profit in total value added. But these “dynamic” gains from off-shoring have not been realized,...

Offshoring has expanded rapidly in most industrialized countries and its impact on the labor markets in these countries has been the source of enormous debate in both scholarly and popular circles. Since data on imported inputs at the sectoral level are not available for the US and the UK, every...