Globalization, Offshoring and Jobs

In recent years, the labour market consequences of globalization in general, and offshoring in particular, have been the subject of intense debates in the general public and among experts. News about the numbers of positions offshored from EU or US companies to countries in Asia or Latin America regularly make the headlines. The presumption is that those offshored jobs represent net job losses for the outsourcing economy. The reality is more complex.