A Dissenter on Outsourcing States His Case

The issue of outsourcing has polarized the intellectual community, and the most recent rebuttal comes from Nobel laureate Paul Samuelson. In a soon-to-be published journal article, the distinguished economist challenges the prevailing theory that the US economy will, in the long-term, benefit from all types of trade – outsourcing included. Though the US has not felt widespread negative effects of overseas job migration, Samuelson argues, there are no guarantees for the future. Columbia University economist Jagdish Bhagwati responds, suggesting that while Samuelson's theory holds value, outsourcing concerns may, in reality, be exaggerated. And so, the debate continues…. – YaleGlobal