Off-Shoring of Business Services and Deindustrialization: Threat or Opportunity - and for Whom?

This paper takes a new look at the issue of overseas
sourcing of services. The author claims that the reduction of employment in some routine tasks in rich countries in a general equilibrium helps sustain and reinforces employment in the core competencies in such countries. That is, the loss of some jobs permits to retain the core competencies in the core countries.