We propose a theory of the global production process that focuses on tradeable tasks, and use it to study how falling costs of offshoring affect factor prices in the source country. We identify a productivity effect of task trade that benefits the factor whose tasks are more…
# Trading Tasks: A Simple Theory of Offshoring
> OpenAlex Metadata Hub · https://openalex.org/W2002007234
## Bibliographic
- **DOI:** 10.1257/aer.98.5.1978
- **Year:** 2008
- **Citations:** 2218
- **Open Access:** No (closed)
- **License:** —
- **Source:** https://doi.org/10.1257/aer.98.5.1978
## Authors
- Gene M. Grossman
- Esteban Rossi‐Hansberg
## Abstract
We propose a theory of the global production process that focuses on tradeable tasks, and use it to study how falling costs of offshoring affect factor prices in the source country. We identify a productivity effect of task trade that benefits the factor whose tasks are more easily moved offshore. In the light of this effect, reductions in the cost of trading tasks can generate shared gains for all domestic factors, in contrast to the distributional conflict that typically results from reductions in the cost of trading goods. (JEL F11, F16)
## Keywords
Offshoring, Productivity, Task (project management), Production (economics), Industrial organization, Affect (linguistics), Process (computing), Factor (programming language), Microeconomics, Economics, Contrast (vision), International trade, Computer science, Business, Outsourcing, Marketing, Macroeconomics, Artificial intelligence
## Concepts
- Offshoring
- Productivity
- Task (project management)
- Production (economics)
- Industrial organization
- Affect (linguistics)
- Process (computing)
- Factor (programming language)
- Microeconomics
- Economics
- Contrast (vision)
- International trade
- Computer science
- Business
- Outsourcing
- Marketing
- Macroeconomics
- Artificial intelligence
- Management
- Linguistics
- Programming language
- Operating system
- Philosophy
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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): We propose a theory of the global production process that focuses on tradeable tasks, and use it to study how falling costs of offshoring affect factor prices in the source country. We identify a productivity effect of task trade that benefits the factor whose tasks are more easily moved offshore. In the light of this effect, reductions in the cost of trading tasks can generate shared gains for all domestic factors, in contrast to the distributional conflict that typically results from reductions in the cost of trading goods. (JEL F11, F16)
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1. We propose a theory of the global production process that focuses on tradeable tasks, and use it to study how falling costs of offshoring affect factor prices in the source country.
2. We identify a productivity effect of task trade that benefits the factor whose tasks are more easily moved offshore.
3. In the light of this effect, reductions in the cost of trading tasks can generate shared gains for all domestic factors, in contrast to the distributional conflict that typically results from reductions in the cost of trading goods.
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Góc Forex: đối chiếu kết luận bài với hành giá gần nhất và lịch tin impact cao trước khi vào lệnh.
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