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Session 17: Economic Impact of Offshore Outsourcing
Previous Session | Program | Next Session
Offshore outsourcing of jobs is currently one of the most visible issues in the popular press and in policy circles as many occupations in the United States, particularly in technology, have disappeared only to reappear elsewhere in the world. The speakers will address the trade and distributional issues and what, if anything, policymakers might consider in response.
Session Presentations
Obie Whichard slides (PDF) | Obie Whichard paper | Thomas Siems slides (PDF)
Links of Interest
- Brookings Institute: Global Economics
- Dallas Fed Research Department
- Daniel Drezner "The Outsourcing Bogeyman", Foreign Affairs, May/June 2004
- Daniel Drezner online bibliography
- Catherine Mann, Globalization of IT Services and White Collar Jobs, IIE International Economics Policy Brief, Dec 2003
- Daniel Pink, "The New Face of the Silicon Age", Wired Magazine, Feb 2004
Speakers
Chris Swann, Chair, Technology Roundtable and Senior Consultant, Global Insight, presiding
Lael Brainard
Senior Fellow
Brookings Institution
Lael
Brainard holds the New Century Chair in International Economics at the
Brookings Institution, where she is directing or co-directing projects
on Offshoring: the Next Big Wave, American Soft Power, and Redefining
U.S. Foreign Assistance Strategy. Recent publications include a co-authored
volume, The
Other War: Global Poverty and the Millennium Challenge Account.
Brainard served as Deputy Assistant to the President and Chair of the Deputy Secretaries Committee on International Economics during the Clinton Administration. As Deputy Director of the National Economic Council, she helped build a new White House organization to address international economic challenges. As the US Sherpa to the G8, she is credited with shaping the 2000 G8 Development Summit that for the first time included leaders of the poorest nations and launched initiatives on universal primary education, the global digital divide, and debt relief, and laid the groundwork for the Global Fund to Fight AIDS, TB, and Malaria.
Before coming to Washington, Brainard served as Associate Professor of Applied Economics at MIT Sloan School, where her publications made important contributions to the understanding of the effect of offshore investment on trade and jobs, the measurement of structural and cyclical unemployment in the US economy, and strategic trade policy. Previously, Brainard worked at McKinsey and Company advising clients on strategic challenges. She also worked on microenterprise credit in Africa for the Ford Foundation.
Brainard received masters and doctoral degrees in Economics from Harvard University and a bachelors degree from Wesleyan University. She is the recipient of a White House Fellowship, a Council on Foreign Relations International Affairs Fellowship, and a National Science Foundation Fellowship. She is a member of the Council on Foreign Relations, the Aspen Strategy Group, and the Board of Wesleyan University.
Obie G. Whichard
Chief, International Investment Division
Bureau of Economic Analysis
Obie Whichard is Chief of the International Investment Division of the
Bureau of Economic Analysis (BEA), U.S. Department of Commerce. Over
many years, he has been involved in BEA's program to improve and expand
its data collection and analytical capacities in the areas of foreign
direct investment and international trade in services. He has authored
or co-authored numerous papers and articles on these topics, covering
such subjects as long-term trends in U.S. direct investment abroad, ownership-based
supplements to balance of payments accounts, and measurement issues for
trade in services. He has been consulted by the Task Force on Statistics
of International Trade in Services in connection with the Manual on Statistics
of International Trade in Services, with particular regard to the guidelines
for statistics on services delivered to international markets through
foreign affiliates. He holds a Ph.D. in economics from the University
of North Carolina and prior to joining BEA was on the economics faculty
of the University of Georgia. He belongs to the American Economic Association
and the NBER Conference on Research in Income and Wealth.
Thomas F. Siems
Senior Economist and Policy Advisor
Federal Reserve Bank of Dallas
Thomas F. Siems is senior economist and policy advisor at the Federal
Reserve Bank of Dallas. As a member of the Research Department’s
Free Enterprise Group, Siems' research focuses primarily on how enabling
technologies, particularly the Internet and e-commerce, impact productivity
and the economy. He is also a Senior Lecturer in the Engineering Management,
Information and Systems Department in the School of Engineering at Southern
Methodist University, and an advisory board member of the Cato Institute's
Project on Social Security Choice. Siems has published more than 45 refereed
articles, some of which have appeared in such journals as The Journal
of Money, Credit and Banking, European Journal of Political Economy,
Research in Finance, Review of Financial Economics, The Annals of Operations
Research, and various Federal Reserve Bank of Dallas publications.
Siems earned a B.S.E. in industrial and operations engineering from the University of Michigan in 1982 and an M.S. and Ph.D. in operations research from Southern Methodist University in 1985 and 1991, respectively. In addition, Siems is a 1989 graduate of the Public Finance Institute at the University of Michigan and a 1991 alumnus of the Graduate School of Banking at Colorado.
Siems is active in the Bank's economic education programs and has taught
economics, statistics, finance, operations management, systems analysis
and other business and engineering courses at SMU, LeTourneau University
and the University of Dallas. When not doing research and teaching, Siems
entertains his lovely bride of 21 years and his four children who range
in age from 8 to 18. Dr. Siems has also published four children’s
books and expects to release another, The Dangerous Pet, later this year
(see www.DangerousPet.com).
National Association for Business Economics
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