Glass three quarters full or one quarter empty?
There is a great article by Richard Baldwin looking at the debate over the offshoring of services jobs. The article looks at the other side of Alan Blinder's estimate that 30 to 40 million American services jobs will become offshoreable as new technology makes possible international trade in services that were previously firmly located in one place.
The one take-away that has stuck with me from Blinder's widely-read Foreign Affairs article from 2006 is that if you want to avoid international trade, consider a career as a personal trainer. Baldwin points out that the US is rather good at providing services and runs a significant trade surplus - and that the opening up of service sectors to international competition actually offers mutually-enhancing opportunities. It's an argument that our Ambassador's recent trade speech in Baltimore concluded with.
Posted at 13:38 22 June 2009 by Oliver Griffiths | Comments[0]
- Share this with:
-
-
-
-
-