In this paper we do a couple of things: discussing a way to measure the welfare cost of country risk, and measuring it for Argentina in the period 1875-2006. There are two conclusions: a) the welfare cost of Argentine risk has been huge: for example, in the period 1976-2006 it was around 20% of...

Winners and losers from offshore outsourcing : what is to be done? / Eva Paus -- The challenge of the growing globalization of labor markets to economic and social policy / Richard Freeman -- Offshoring and labor recommodification in the global transformation / Guy Standing -- Globalization of...

Leading experts analyze the impact of the rapid growth of offshore outsourcing in manufacturing and IT. For some it promises more rapid economic growth and for some developing countries it is an opportunity to leapfrog, while others are sidelined but it also means labour and governments may lose...