How has globalization through trade and foreign investment affected labour markets, wages, profits, and inequality? This fundamentally important question is addressed deeply in this volume, with methods ranging from microeconomic theory to econometric studies using detailed firm-level and household data. The primary objective of the volume, a compendium of important research performed by Ann Harrison and co-authors, is to study and understand whether and how workers, in both the United States and major developing and emerging countries, have fared in the recent era of massive globalization. There are plenty of anecdotes about such questions, but this volume develops testable hypotheses, collects essential data, and uses frontier techniques to provide the best and most systematic evidence available. Chapters range widely over standard and current trade theories, frontier thinking about the nature and effects of multinational enterprises and offshoring, and the critical roles of credit markets, international innovation and technology diffusion in driving employment, wage changes, and inequality. The volume also covers critical institutional matters, such as how globalization influences activism in securing labour rights. The analysis in the book is essential for understanding the complex and deep relationships among trade liberalization, foreign direct investment, technical change, and the fortunes of workers in increasingly globalized markets.
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<p>Ann E Harrison is Dean and Bank of America Chair of the Haas School of Business and Professor of Economics at the University of California, Berkeley. She is also a Research Fellow at the Center for Economic Policy Research in London and a Research Associate at the National Bureau of Economic Research. Harrison previously served as Director of Development Policy at the World Bank. She has had tenured academic appointments at The Wharton School of Business, Columbia University School of Business, and visiting appointments at Harvard and the University of Paris. Her research has been supported by numerous grants from the National Science Foundation and other institutions. She is on the Academic Advisory Council of Peking University and has served on numerous boards of international organizations. She was an associate editor of the Journal of International Economics and serves on several editorial advisory boards. She publishes widely on globalization and its effects on the structure of firms, wages, and inequality, using micro-econometric data, with numerous articles in such top economics journals as American Economic Review. One of her books, Globalization and Poverty, was published by the University of Chicago Press. Harrison has particular expertise in the economies of China and India. She received her PhD in economics from Princeton University.
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