The new globalisation

link
Anthony Giddens November 7, 2006.

Professor Gene Grossman, Alan Blinder and their colleagues, together with a British author working in Geneva, Richard Baldwin, who has commented usefully on their work.
They have produced what they call a "new paradigm" of globalisation, marking a distinct and challenging phase in the evolution of world economic interdependence. One can see globalisation as involving several distinct phases of the disentangling of previous integrated economic activities....But now a further phase of is occurring...Any service job can be outsourced that displays four characteristics - if it involves the heavy use of IT; its output is IT transmittable; it comprises tasks that can be codified; and if it needs little or no face-to-face interaction. Blinder believes that somewhere between 30 and 40 million service jobs in the US will be open to offshoring in the future.