Essays Gigablast

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"This is something factory workers have understood for a generation," he says.

"This is something factory workers have understood for a generation," he says.

Harvard economist Dani Rodrik says global trade negotiations should focus on erecting new barriers against globalization, not lowering them, to help poor nations build domestic industries and give rich nations more time to retrain workers. Blinder's job-loss estimates in particular are electrifying Democratic candidates searching for ways to address angst about trade. "He's dead wrong," says Columbia University economist Jagdish Bhagwati, who will debate Mr.

"Alan, because of his stature, provided a degree of legitimacy to what many of us had come to feel anecdotally -- that the anxiety over outsourcing and offshoring was a far larger phenomenon than traditional economic analysis was showing," says Gene Sperling, an adviser to President Clinton and, now, to Hillary Clinton. Blinder at Harvard in May over his assertions about the magnitude of job losses from trade. Bhagwati says that in highly skilled fields such as medicine, law and accounting, "If we do a real balance sheet, I have no doubt we're creating far more jobs than we're losing." Mr. The original Industrial Revolution, the move from farm to factory, unquestionably boosted living standards, but triggered an enormous change in "how and where people lived, how they educated their children, the organization of businesses, the form and practices of governments." He says today's trickle of jobs overseas, where they are tethered to the U. by fiber-optic cables, is the beginning of a change of similar dimensions, and American society needs similarly far-reaching changes to cope. Mankiw's point that the economics of trade are the same however imports are delivered.

Ralph Gomory, International Business Machines Corp.'s former chief scientist who now heads the Alfred P.

Sloan Foundation, says that changing technology and the rise of China and India could make the U. an also-ran if it loses many of its important industries. Blinder in a minority among economists, most of whom emphasize the enormous gains from trade.

Pain From Free Trade Spurs Second Thoughts - WSJ.com: For decades, Alan S.

Blinder -- Princeton University economist, former Federal Reserve Board vice chairman and perennial adviser to Democratic presidential candidates -- argued, along with most economists, that free trade enriches the U. and its trading partners, despite the harm it does to some workers.

Blinder wrote an essay, "Offshoring: The Next Industrial Revolution? "The old assumption that if you cannot put it in a box, you cannot trade it is hopelessly obsolete," he wrote.

"The cheap and easy flow of information around the globe..require vast and unsettling adjustments in the way Americans and residents of other developed countries work, live and educate their children."...

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