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Erschienen in:
2006 | OriginalPaper | Buchkapitel
The Outsourcing Threat
Erschienen in: Phantom of the China Economic Threat
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The fear about the China economic threat has led many opportunists and politicians to jump on the China-bashing bandwagon. The blame game has revived protectionist sentiment. The most notable example is the hot debate on the damage of cross-border outsourcing on the US economy, especially in the run-up to the US presidential election in 2004. Though the debate was misguided by pre-election rhetoric, it may have a profound impact on shifting America’s free trade attitude. With weakening globalisation momentum, the negative sentiment towards free trade does raise the risk of protectionism that will hurt Asia. Arguably, such a risk is more imminent and real than the perceived China threat to the global economy.