This paper demonstrates that the current economic crisis has its roots in the evolution of the global economy during the 1960s. The gradual increase of US debt from the 1960s accompanied by the deficit in the US trade balance due to international competition from EU, Japan, and later from China...

Within the Stolper-Samuelson (SS) framework, a vast empirical literature has developed around the issue of determining the shift in the labour market fundamentals. These studies suffer a host of shortcomings. In an attempt to transcend those shortcomings, this paper analyses the short and long...

The complex nature of ‘international outsourcing’ makes it difficult to quantify its employment and broader impacts on national economies. Indeed, available evidence on the extent of ‘offshoring’ by US firms is scant, rendering analyses of its economic impacts as...

Within the Stolper-Samuelson (SS) framework, a vast empirical literature has developed around the issue of determining the shift in the labour market fundamentals. These studies suffer a host of shortcomings. In an attempt to transcend those shortcomings, this paper analyses the short and long...