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Current United States government policy may celebrate the economic benefits of globalization, but Tonelson, a policy analyst with the private U.S. Business and Industry Council, counters with a skeptical "Show me the money!" on behalf of the U.S. worker. Burrowing into statistics on employment patterns and wage trends in industries like automobiles, household appliances and textiles, Tonelson makes a forceful and engaging argument that globalization, with its attendant rush by multinational corporations to cheaper sources of labor, has been partially responsible for what he sees as a shift from high-wage to low-wage industries in the U.S. (e.g., an Economic Policy Institute study shows that between 1973 and 1998, real hourly wages fell for the bottom 60% of the U.S. workforce). In response to multinational corporations crowing that globalization has increased U.S. exports to emerging markets, Tonelson urges a closer examination of the patterns of trade. He points out that U.S. exports to Third World countries are dominated by manufacturing and intermediate goods that are used to build the industrial capacity that then produces goods for direct export to the United States. The net resultAlost jobs, lost factories and a growing U.S. trade deficitAlead Tonelson to question whether the current U.S. policy is anything but de facto foreign aid at the expense of U.S. workers. Though the uninspired jacket belies Tonelson's lively prose, readers of sophisticated financial journalism will appreciate this well-researched and politically savvy treatise, which goes beyond criticism to propose thoughtful economic alternatives that Tonelson hopes will enable expanded free trade without imposing more burdens on American labor. (Nov.)
Copyright 2000 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
"...all of us need to get informed, and The Race to the Bottom is certainly a good place to start." -- Inside Business
"...provocative and should lead to further debate about how we should engage the global economy." -- New York Times
"A well-informed and often witty assault." -- Wilson Quarterly
"[Alan Tonelson is] probably the most significant economist spreading the nationalist gospel." -- The New Republic
Only book I have found so far that accurately describes what is happening to our economy.
Should be required reading at all high schools and colleges and corporate boardrooms... Read more
Great concept, but horribly outdated now. Would like the book to be updated.Published 14 months ago by Walmart_Jihad
This book reads like a lot of histerical hand-wringing. It makes the point that things are going toward the bottom, over and over. Read morePublished on January 8, 2011 by Jack
I'd like to see this book be updated so that it addresses current conditions, as it is now quite dated. Many of the premises have not come to pass, although some have. Read morePublished on January 1, 2007 by Marilyn L. James
Tonelson has done an excellent job of empirically demonstrating the irreparable harm being done to the American industrial manufacturing sector, resulting from the pseudo-free... Read morePublished on January 17, 2006 by Michael Emmett Brady
Kaleem 9984....LOL....THIS dudes a hypocrite! First of all...a foreigner (who's probably an Indian programmer) is not a impartial reviewer. Read morePublished on December 3, 2005 by TWebb
Whats wrong with Amazon how could they put review by this person - " John W. Runyan III "Too much time on my hands " in spotlight. Read morePublished on November 11, 2005 by Kaleem
"The Race To The Bottom" fails to deliver on it's shock-value title.
Author Tonelson provides considerable detail that demonstrate the
increase in job... Read more