Integration of Trade and Disintegration of Production in the Global Economy
The last few decades have seen a spectacular integration of the global economy through trade. The rising integration of world markets has brought with it a disintegration of the production process, however, in which manufacturing or services activities done abroad are combined…
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Outsourcing · Globalization · Production (economics) · Offshoring · International trade · World economy · Economics · Business
# Integration of Trade and Disintegration of Production in the Global Economy
> OpenAlex Metadata Hub · https://openalex.org/W2026217839
## Bibliographic
- **DOI:** 10.1257/jep.12.4.31
- **Year:** 1998
- **Citations:** 2101
- **Open Access:** No (closed)
- **License:** —
- **Source:** https://doi.org/10.1257/jep.12.4.31
## Authors
- Robert C. Feenstra
## Abstract
The last few decades have seen a spectacular integration of the global economy through trade. The rising integration of world markets has brought with it a disintegration of the production process, however, in which manufacturing or services activities done abroad are combined with those performed at home. The author compares several different measures of foreign outsourcing and argues that they have all increased since the 1970s. He also considers the implications of globalization for employment and wages of low-skilled workers and for trade and regulatory policy, such as labor standards.
## Keywords
Outsourcing, Globalization, Production (economics), Offshoring, International trade, World economy, Economics, Business, International economics, Labour economics, Economy, Market economy, Political science, Macroeconomics
## Concepts
- Outsourcing
- Globalization
- Production (economics)
- Offshoring
- International trade
- World economy
- Economics
- Business
- International economics
- Labour economics
- Economy
- Market economy
- Political science
- Macroeconomics
- Law
- Marketing
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*Metadata only — full text not imported unless Open Access license permits.*
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Tóm lược học thuật (đã diễn giải): The last few decades have seen a spectacular integration of the global economy through trade. The rising integration of world markets has brought with it a disintegration of the production process, however, in which manufacturing or services activities done abroad are combined with those performed at home. The author compares several different measures of foreign outsourcing and argues that they have all increased since the 1970s. He also considers the implications of globalization for employment and wages of low-skilled workers and for trade and regulatory policy, such as labor standards.
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1. The last few decades have seen a spectacular integration of the global economy through trade.
2. The rising integration of world markets has brought with it a disintegration of the production process, however, in which manufacturing or services activities done abroad are combined with those performed at home.
3. The author compares several different measures of foreign outsourcing and argues that they have all increased since the 1970s.
4. He also considers the implications of globalization for employment and wages of low-skilled workers and for trade and regulatory policy, such as labor standards.
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