The Global Platform Economy: A New Offshoring Institution Enabling Emerging-Economy Microproviders

Offshoring in the New Global Political Economy

 This essay challenges claims by economists and management scholars that ‘offshoring’ is simply another form of trade with mutual benefits. I argue that reducing wages through offshoring leads to wealth creation for shareholders but not necessarily for countries and employees, and that many displaced workers have difficulty ‘trading up’ to higher skilled jobs. Offshoring is a new phenom...

Offshoring in a Knowledge Economy

How does the formation of cross-country teams affect the organization of work and the structure of wages? To study this question, we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents specialize in production and more skilled agents specialize in problem solving. We first analyze the properties of the competitive equilibrium of the mode...

Domestic Offshoring in a Knowledge Economy∗

During past decades, substantial skill and occupation relocation took place across U.S. cities: big cities attract more skilled workers and specialize more in cognitiveintensive occupations. Motivated by the empirical literature on improvement in Information and Communications Technology (ICT) and the increasing domestic production fragmentation—or domestic offshoring—we develop a spatial equil...

The Tertiary Economy: A Threat to the Global Economy

The New Economy- Knowledge Based Economy

The aim of this paper is to emphasize the importance of knowledge based economy, in this time characterized by fast changes and sometimes radical changes, it is impossible to resist without adapting, both people and the organizations too. The matter of the paper develops knowledge based economy concept: elements, definitions of the knowledge based economy, stages and the main knowledge codifica...