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 into further
poverty, others see it as the path to economic salvation and
democratic rule. With original contributions from ten eminent
economists, "Globalization: What's New" cuts through the confusion
and rhetoric to offer straightforward, incisive analysis 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 that dig 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.
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