Accelerating the Globalization of America: The Role for Information Technology

Front Cover
Columbia University Press, 2006 M06 15 - 256 pages
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.


Why Focus on Information Technology?
Chapter 2 Linkages Between US Firms and Global Markets for IT Products
Chapter 3 Globalization and IT Prices Diffusion and Productivity
Chapter 4 Information Technology Outsourcing and the New International Trade in Services
Chapter 5 Information Technology and Labor Markets
Chapter 6 Globalization of Innovation
Chapter 7 A Look Forward with a Policy Agenda
Appendix A Methodology and Definitions

Other editions - View all

Common terms and phrases

About the author (2006)

Catherine Mann was a senior fellow who is now the Chief Economist at the OECD, where she also heads up the Economics Directorate. She was most recently the Barbara '54 and Richard M. Rosenberg Professor of Global Finance at the International Business School, Brandeis University, where she also directed the Rosenberg Institute of Global Finance. She joins the OECD after 7 years at Brandeis and following 20-plus years in Washington, DC.

Jacob Funk Kirkegaard, senior fellow, has been associated with the Institute since 2002. Before joining the Institute, he worked with the Danish Ministry of Defense, the United Nations in Iraq, and in the private financial sector.

Bibliographic information