Globalization

Foreign Affairs Article

Inequality and Globalization

Author: François Bourguignon

When it comes to wealth and income, people tend to compare themselves to the people they see around them rather than to those who live on the other side of the world. The average Frenchman, for example, probably does not care how manyChinese exceed his own standard of living, but that Frenchman surely would pay attention if he started lagging behind his fellow citizens.

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Foreign Affairs Article

Freight Pain

Author: Marc Levinson

The golden age of globalization is over due to slower, costlier, and less certain transportation. In retrospect, Americans may lament too little globalization, not too much.

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Foreign Affairs Article

A New Deal for Globalization

Authors: Kenneth Scheve and Matthew J. Slaughter

Globalization has brought huge overall benefits, but earnings for most U.S. workers -- even those with college degrees -- have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.

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Foreign Affairs Article

Has Globalization Passed Its Peak?

Authors: Rawi Abdelal and Adam Segal

Not long ago, the expansion of free trade worldwide seemed inevitable. Over the last few years, however, economic barriers have started to rise once more. The forecast for the future looks mixed: some integration will probably continue even as a new economic nationalism takes hold. Managing this new, muddled world will take deft handling, in Washington, Brussels, and Beijing.

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Article

Globalization Resets

Author: Sebastian Mallaby
International Monetary Fund

International financial flows have declined significantly since 2008, and world trade is stagnating. Rather than portending a period of de-globalization, Sebastian Mallaby analyzes the data more closely to suggest a reset, not a reversal, of globalization.

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Article

How to Help Workers Laid Low by Trade—and Why We Haven’t

Author: Edward Alden
PBS NewsHour

"The failure to help American workers adjust to the new scale and intensity of global competition is one of the bigger mistakes of U.S. government economic policy in the last half century, one that has resulted in an enormous waste of human capacity and in eroding popular support for international trade and U.S. engagement with the world,” says Edward Alden in PBS NewsHour. 

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