Click Here to Download: https://ouo.io/ARdO89 Outsourcing Economics Global Value Chains in Capitalist Development By: William Milberg; Deborah Winkler Publisher: Cambridge University Press Print ISBN: 9781107026995, 1107026997 eText ISBN: 9781107357723, 1107357721 Edition: 1st Format: EPUB Available from $ 34.00 USD SKU 9781107357723 William Milberg and Deborah Winkler propose an institutional theory of trade and development. They find that offshoring reduces employment and raises income inequality in countries that lack institutions supporting workers. They also find that offshoring allows firms to reduce domestic investment and focus on finance and short-run stock movements.