Globalization refers to the increasing ease with which goods, services, capital and people can move across the world, which has been accelerated by advances in technology and government policies to reduce barriers. In terms of reducing poverty in as many countries as possible, there is no question that globalizationcontinues to be beneficial, even after the 2008 financial crisis. Poverty continues to fall worldwide at a rapid rate, and countries most integrated into the world economy have seen the biggest reductions in poverty. But it is also true that even before the crisis, the gains from globalization were not spread evenly. Though millions have been lifted out of poverty and everyone benefits from cheaper consumer goods and the opening of new export markets, there are still winners and losers.

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Contrary to those who see a future of "globalization on steroids," Joshua Kurlantzick says the reality of today's economic slowdown is that it will leave as its legacy the worst degloblization in modern history.

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Is globalization to blame for rising unemployment and income inequality in the United States?

Charles Kupchan argues that the West has entered a period of crisis since the events of September 11, 2001, but globalization--not terrorism--may be the underlying reason.

Jobs growth was slow in May, renewing pessimism about the U.S. economy.

food and drugs

Jagdish Bhagwati writes that the economic crisis may, accidentally, establish a pro-globalization consensus that spans East and West.

Experts assess the global position of the United States, current state of U.S. trade policy, and results of globalization on NAFTA.

This session was part of CFR's Stephen C. Friedheim Symposium on Global Economics which was made possible through generous support from Stephen C. Freidheim.

Experts assess the global position of the United States, current state of U.S. trade policy, and results of globalization on NAFTA.

This session was part of CFR's Stephen C. Friedheim Symposium on Global Economics which was made possible through generous support from Stephen C. Freidheim.

Margaret L. Taylor discusses the relationship between development aid and stability in fragile countries.

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Jagdish Bhagwati discusses the effects of globalization on universities.

Thomas Glocer shares his views on globalization, financial reform, and corporate social responsibility, as well as his own experiences leading a global corporation.

Thomas Glocer shares his views on globalization, financial reform, and corporate social responsibility, as well as his own experiences leading a global corporation.

Richard W. Fisher, President and Chief Executive Officer, Federal Reserve Bank of Dallas talks about the issue of globalization and its impact on monetary policy and the global economic recovery.

Watch Dallas Federal Reserve Bank President Richard W. Fisher analyze the importance of the Federal Reserve Bank's regulatory abilities, and the importance of regulation to recovery.

This meeting was part of the C. Peter McColough Series on International Economics.