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Shaken and Stirred. Stephen S. Cohen and J. Bradford DeLong.

by Cohen, Stephen S; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 4Business. Publisher: Atlantic Monthly, 2005ISSN: 1522-3191;.Subject(s): Competition -- International | Economic forecasting | International trade | Labor market | Offshore assembly industry | United States -- Economic conditionsDDC classification: 050 Summary: There are signs that divisions in American society may widen in the future, as deep economic and technological forces are undermining the political, cultural, and economic unity that has characterized the postwar era. As the authors argue, the gradual opening of America's vast service sector to foreign competition is likely to cause economic upheaval on a scale not seen since the 1800s, when the development of the steamship and the telegraph made overseas trade in most goods possible. This new economic era will bring with it tremendous opportunity, but also considerable risk--including the real possibility of downward mobility for many in the middle class.
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REF SIRS 2006 Business Article 4 (Browse shelf) Available
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REF SIRS 2006 Business Article 37 The Giving Game. REF SIRS 2006 Business Article 38 The Rich and the Rest. REF SIRS 2006 Business Article 39 The High Cost of Being Poor. REF SIRS 2006 Business Article 4 Shaken and Stirred. REF SIRS 2006 Business Article 40 Flood of Guilt. REF SIRS 2006 Business Article 41 The Other Side of Outsourcing. REF SIRS 2006 Business Article 41 Offshore Jobs Bring Gains at Home.

Articles Contained in SIRS Enduring Issues 2006.

Originally Published: Shaken and Stirred, Jan./Feb. 2005; pp. 112+.

There are signs that divisions in American society may widen in the future, as deep economic and technological forces are undermining the political, cultural, and economic unity that has characterized the postwar era. As the authors argue, the gradual opening of America's vast service sector to foreign competition is likely to cause economic upheaval on a scale not seen since the 1800s, when the development of the steamship and the telegraph made overseas trade in most goods possible. This new economic era will bring with it tremendous opportunity, but also considerable risk--including the real possibility of downward mobility for many in the middle class.

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