Ask CFR Experts Asked by Fagner Dantas, from Universidade Federal da Bahia

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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Trade Tensions: Challenges and Opportunities After the Midterm Elections (Audio)

Speakers: Charlene Barshefsky, Jagdish N. Bhagwati, and Douglas A. Irwin
Presider: Edward Alden

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.

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Globalization and India

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.

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Globalization: What’s New?

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.

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In Defense of Globalization

Author: Jagdish N. Bhagwati

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.

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Free Trade Today

Author: Jagdish N. Bhagwati

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.

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Globalization: Challenge and Opportunity (Foreign Affairs Books)

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?

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The Wind of the Hundred Days

Author: Jagdish N. Bhagwati

Jagdish Bhagwati applies his characteristic wit and accessible style to the subject of globalization in this collection of public policy essays.

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Growing Apart

Economists Albert Fishlow and Karen Parker show that there is no simple link between the forces of globalization and increased wage inequality, either in the United States or in several other countries.

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World Economic Update Special Edition: The Great Globalization Debate

Speaker: Alan B. Krueger
Speaker: Stephen Roach
Speaker: Matthew Slaughter
Presider: Daniel Tarullo

7:45 – 8:00 a.m. Breakfast
8:00 – 9:15 a.m. Meeting

In this Special Edition of the World Economic Update, the panel will depart from its usual agenda of assessing near-term developments and instead consider some of the broader global economic trends and longer-term prospects that are setting the terms of current policy debate, including the impact on jobs and wages, the changing role of China in the world economy, and the backlash against globalization. In addition to regular partipants Stephen Roach and Daniel Tarullo, the panel will include two distinguished academic economists with government policy experience -- Alan Krueger of Princeton and Matthew Slaughter of Dartmouth.

See more in China; Globalization; Labor