Accelerating the Globalization of America: The Next Wave of Information Technology [Paperback]

Catherine L. Mann (Author)

Book Description

Publication Date: June 15, 2006

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.

Editorial Reviews

About the Author

Catherine L. Mann, Senior Fellow at the Institute since 1997, held several posts at the Federal Reserve Board of Governors (1984?87 and 1989?97), including assistant director and special assistant to the staff director, International Finance Division (1994?97). She was a senior economist on the staff of the President?s Council of Economic Advisers (1991?92), the principal staff member for the chief economist of the World Bank (1988? 89), and a Ford Foundation fellow at the National Bureau of Economic Research (1987). She is an adjunct professor at the Owen School of Management at Vanderbilt University and has also taught at the University of Chicago, Princeton University, University of Maryland, Georgetown University, Boston College, and MIT. She is author or coauthor of APEC and the New Economy (2002), Global Electronic Commerce: A Policy Primer (2000), and Is the U.S. Trade Deficit Sustainable? (1999).

Product Details

• Paperback: 265 pages
• Publisher: Institute for International Economics (June 15, 2006)
• Language: English
• ISBN-10: 088132390X
• ISBN-13: 978-0881323900
• Product Dimensions: 9 x 6.1 x 0.5 inches
• Shipping Weight: 12 ounces (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,168,794 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

4.0 out of 5 stars faster changes, October 9, 2006

By 

W Boudville (Terra, Sol 3) - See all my reviews
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This review is from: Accelerating the Globalization of America: The Next Wave of Information Technology (Paperback)

Here is a book that takes an unabashed look at globalisation and urges the American reader to speed it up! The author focuses on information technology as a pivotal industry. Explaining that the highly skilled aspect and ever improving productivity translates into overall better prospects for the economy.

Outsourcing can lower production costs and thus improve the price competiveness of a company. The text points out that the high value added portions of the production tend to remain in the US. A statistical study is presented of the investments in various parts of IT, and of the diffusion of IT throughout the broader economy. A key point is that the effective use of IT is the most important source of economic gain.

There is also a case study of Australia. Which does not have a significant domestic production of IT. It imports most of its IT hardware and software. Here, IT diffused through the economy and contributed to better labour productivity.

1 of 1 people found the following review helpful:

5.0 out of 5 stars A top pick, September 23, 2006

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Midwest Book Review (Oregon, WI USA) - See all my reviews

This review is from: Accelerating the Globalization of America: The Next Wave of Information Technology (Paperback)

Information technology is an active part of the global economic community, outpacing investment and trade growth for other products and pushing for more globalization than others, also. Its change and transformations are analyzed in Accelerating the Globalization of America: The Role for Information Technology. Executives and students alike will appreciate the focus on how the global IT industry has changed US and oversees interests, from evolving labor requirements and issues to innovative and business structures. Chapters use plenty of statistical citations and analysis in the course of surveying IT productivity, growth, and change. A top pick for international economics and IT courses.

Diane C. Donovan
California Bookwatch