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The United States in the World Economy - Making Sense of Globalization (Paperback, 1st ed. 2019)
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The United States in the World Economy - Making Sense of Globalization (Paperback, 1st ed. 2019)
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This book assesses the impact of globalization on the US economy
from the perspective of international trade, finance, and
immigration, with a view to eliminating misinformation in the
current public debate about the costs and benefits of
globalization. The United States has played a key role in the
development of economic and financial globalization since the end
of World War II and has been the largest force for integration of
the global economy. While the US economy as a whole has been a net
beneficiary from globalization, significant costs have been
incurred by certain groups and communities as a result of its
effects. This book evaluates the benefits, costs, and impact on
income distribution for the United States in the areas of
international trade, finance, and immigration, drawing on key
findings of the relevant literature. A key argument of this book is
that the US economy has been a significant net beneficiary from
globalization, but that the government needs to do more for those
workers negatively impacted by its effects. This book ends by
proposing key institutional reforms at the national and
international level that would foster further gains from
globalization and create a more equal distribution of its benefits.
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