by Catherine L. Mann
assisted by Jacob Funk Kirkegaard
Information technology (IT) was key to the superior overall macroeconomic
performance of the United States in the 1990s—high productivity,
high growth, low inflation, and low unemployment. But IT
also played a role in increasing earnings dispersion in the labor market—greatly rewarding workers with high education and skills. This
US performance did not happen in a global vacuum. Globalization
of US IT firms promoted deeper integration of IT throughout the US
economy, which in turn promoted more extensive globalization in other
sectors of the US economy and labor market. How will the increasingly
globalized IT industry affect US long-term growth, intermediate macro
performance, and disparities in the US labor market? What policies are
needed to ensure that the United States remains first in innovation, business
transformation, and education and skills, which are prerequisites
for US economic leadership in the 21st century? This book traces the
globalization of the IT industry, its diffusion into the US economy, and
the prospects and implications of more extensive technology-enabled
globalization of products and services.
Chapters are provided for preview only.
1. Accelerating Globalization: Why Focus on Information Technology?
2. Linkages Between US Firms and Global Markets for IT Products [pdf]
3. Globalization and IT Prices, Diffusion, and Productivity
4. Information Technology, Outsourcing, and the New International Trade in
5. Information Technology and Labor Markets [pdf]
6. Globalization of Innovation
7. A Look Forward with a Policy Agenda [pdf]
Appendix A: Methodology and Definitions
Other Buying Options
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ISBN paper 0-88132-390-X | 978-0-88132-390-0
Commentaries on This Book
"The concluding section is a model of the balanced and astute judgments on international policy issues for which the IIE is justly famous."
—Dale W. Jorgenson, Samuel W. Morris University Professor, Harvard University
"...essential reading for CEOs, students, and policymakers. This book goes beyond the hype, anecdotes, and political rhetoric by mining the critical data underlying the central phenomena of globalization."
—David McCurdy, president and CEO, Electronic Industries Alliance, and former congressman (D-OK)