Posted by: Dirk | January 31, 2007

The great unbundling

Just to let you know: The Economist has also read Baldwin’s paper plus a recent Grossman paper, just like we did before Xmas. Their story ends with typical British humour:

So is globalisation to blame for the rich world’s recent anxieties or not? Unfortunately, the new theories of offshoring can deliver opposite verdicts depending on precisely how they are set up. As James Markusen, of the University of Colorado, mischievously puts it, ‘I am confident that I can concoct a model to generate any result desired by a reader with a deep pocketbook.’ If only every worker were as versatile.

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