First published in 1987, International Capitalism and Industrial Restructuring counters the idea that industrial restructuring is a relatively problem-free stage in the evolution to a post-industrial society. The editor argues that the permanent loss of eight million manufacturing jobs in the advanced industrial countries over the past ten years has had extremely serious effects on people, economies, and societies, and that it is a major cause of economic recession. The six million jobs gained in the newly industrializing countries pay low wages, expose workers to hazards, destroy local cultures, and fail in generating integrated development for the Third World.
Many outstanding articles are included, drawn from a wide variety of radical journals, with introductions that set the scene and pose challenging questions. All students and researchers concerned with industrial restructuring in the capitalist world will find the book valuable as a radical critique of widespread current economic problems.