Mediocre academic researchers should be wary of globalisation

WHEN politicians in the rich world speak of job losses and stagnant incomes brought about by immigration and foreign competition, they usually have blue-collar work in mind--car manufacturing, steelmaking and the like. But even the cognitive 1% can be adversely affected by foreign competition. In a forthcoming paper in theJournal of Human Resources, George Borjas of Harvard University, and Kirk Doran and Ying Shen of the University of Notre Dame, study the effects of globalisation on a select gr...