Leading economists propose solutions to the problems of
globalization Globalization has expanded economic opportunities
throughout the world, but it has also left many people feeling
dispossessed, disenfranchised, and angry. Luis Catao and Maurice
Obstfeld bring together some of today's top economists to assess
the benefits, costs, and daunting policy challenges of
globalization. This timely and accessible book combines incisive
analyses of the anatomy of globalization with innovative and
practical policy ideas that can help to make it work better for
everyone. Meeting Globalization's Challenges draws on new research
to examine the channels through which international trade and the
diffusion of technology have enhanced the wealth of nations while
also producing unequal benefits within and across countries. The
book provides needed perspectives on the complex interplay of
trade, deindustrialization, inequality, and the troubling surge of
nationalism and populism-perspectives that are essential for
crafting sound economic policies. It tackles the vexing issue of
how to most effectively compensate globalization's losers and
reintegrate them into job markets. The book also explores how to
design social insurance policies that can mitigate the risks posed
by automation and offshoring, such as mass unemployment and its
inherent dangers to democracy. With a foreword by International
Monetary Fund Managing Director Christine Lagarde and a
history-rich synthesis by Catao and Obstfeld of main policy
takeaways, Meeting Globalization's Challenges features
contributions by Ufuk Akcigit, Edward Alden, Francois Bourguignon,
Angus Deaton, Rafael Dix-Carneiro, Jeffry Frieden, Gordon H.
Hanson, Keyu Jin, Lori G. Kletzer, Anne Krueger, Paul Krugman, Nina
Pavcnik, Andres Rodriguez-Clare, Dani Rodrik, Michael Trebilcock,
Laura D. Tyson, Martin Wolf, and Ernesto Zedillo.
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