From the streets of Seattle to corporate boardrooms to new factories in third-world nations, globalization is subject to very different and often explosively divergent interpretations. Where some see globalization as driving poor countries further into poverty, others see it as the path to economic salvation and democratic rule. 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 to offer straightforward, incisive analyses of globalization and its future.

Coming from some of globalization's most prominent supporters (David Dollar), its most vocal critics (Joseph Stiglitz), and those in between, this collection presents diverse and original perspectives on globalization's immense reach and digs to the core of many debates. The contributors analyze recent trends in trade, immigration, and capital flows; why some poor countries have grown while others have stagnated during the past two decades; future opportunities for low-wage workers; globalization's impact on jobs and wages in poor countries and in the United States; the surprising environmental benefits of globalization; the degree to which foreign aid helps developing countries; the failures of international institutions in governing the global economy and supporting democracy; and how foreign loans and investments can wreak havoc on a nation's economy.

CONTRIBUTORS:
George J. Borjas, Harvard University
Charles W. Calomiris, Columbia University
David Dollar, The World Bank
William Easterly, New York University
Jeffrey Frankel, Harvard University
Douglas Irwin, Dartmouth College
Dani Rodrik, Harvard University
Jeffrey Sachs, Columbia University
Joseph E. Stiglitz, Columbia University
Michael Weinstein, Robin Hood Foundation

A Council on Foreign Relations Book