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.
With a majority of the American public now saying that they view U.S. global power and influence as being in decline, Pew Research Center president Alan Murray and CFR President Richard N. Haass sit down to discuss the latest "America's Place in the World" survey.
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.
Thomas Glocer shares his views on globalization, financial reform, and corporate social responsibility, as well as his own experiences leading a global corporation.
Listen to 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.
Listen to Richard W. Fisher, president and CEO of the Federal Reserve Bank of Dallas, discuss the consequences of globalization for monetary policy.
Listen to Jagdish N. Bhagwati, CFR's senior fellow for international economics, discuss his book In Defense of Globalization with students as part of the CFR Academic Conference Call Series.
Listen to experts discuss broader global economic trends, such as the global labor market, China's changing role in the world economy, and the backlash against globalization, in this special edition of the Council's signature World Economic Update Series.
Listen to Manjeet Kripalani, the Council's Edward R. Murrow Press Fellow, lead a discussion with students on India and globalization as part of the Council's Academic Conference Call Series.
Listen to Jerry Muller, professor of history at the Catholic University of America, discuss the future of globalization, as part of the Council's C. Peter McColough Series on International Economics.
China's pursuit of natural resources is restructuring markets, pushing up commodity prices, and transforming resource-rich economies. Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth.
Edited by former Council Senior Fellow and former Maurice R. Greenberg Geoeconomics Center Director Michael Weinstein, and with original contributions from ten eminent economists, Globalization: What's New? cuts through the confusion and rhetoric surrounding globalization to offer straightforward, incisive analyses of the subject and its future.
An internationally renowned economist, Jagdish Bhagwati takes conventional wisdom—that globalization is the cause of several social ills—and turns it on its head. Properly regulated, globalization, he says, is the most powerful force for social good in the world.
In Free Trade Today, Dr. Bhagwati applies critical insights from revolutionary developments in commercial policy theory to show how the pursuit of social and environmental agendas can be creatively reconciled with the pursuit of free trade.
What exactly is globalization, and should its effects be cheered or jeered? How have developing countries fared under globalization's new dispensation, and what if anything can be done to help them prosper? How are states and firms reacting to the new pressures placed on them? Should the international economic architecture be reformed in response?
Jagdish Bhagwati applies his characteristic wit and accessible style to the subject of globalization in this collection of public policy essays.