Meeting Globalization's Challenges: Policies to Make Trade Work for All, 2nd Edition

  • Luís A. V. Catão
  • Maurice Obstfeld
  • Published By:
  • ISBN-10: 0691198861
  • ISBN-13: 9780691198866
  • DDC: 337
  • 280 Pages | eBook
  • Original Copyright 2019 | Published/Released September 2019
  • This publication's content originally published in print form: 2019

  • Price:  Sign in for price



In this title, leading economists propose solutions to the problems of globalization, which has expanded economic opportunities throughout the world, but has also left many people feeling dispossessed, disenfranchised, and angry. The authors bring together top economists to assess the benefits, costs, and daunting policy challenges of globalization. The 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. It draws on new research to examine the channels through which international trade and the diffusion of technology have made nations wealthy while producing unequal benefits within and across countries. It discusses the complex interplay of trade, deindustrialization, inequality, and the troubling surge of nationalism and populism—essential for crafting sound economic policies—and tackles compensation and reintegration of globalization's losers and social insurance policies.

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
Meeting Globalization's Challenges.
Trade and the Gains of Globalization.
1: The Gains from Trade in Rich and Poor Countries.
2: Globalization and Innovation.
Globalization, Development, and Inequality.
3: Trade Strategy, Development, and the Future of the Global Trade Regime.
4: China's Steroids Model of Growth.
5: Inequality, Globalization, and Technical Change in Advanced Countries: A Brief Synopsis.
Globalization, Deindustrialization, and Labor Market Adjustment.
6: Globalization: What Did We Miss?.
7: Economic and Political Consequences of Trade-Induced Manufacturing Decline.
8: International Trade an Inequality in Developing Economies: Assessing Recent Evidence.
9: Trade and Labor Market Adjustment: Recent Research on Brazil.
Adjustment Policies.
10: Globalization, Trade, and Growth.
11: Trade and Labor Market Adjustment: The Costs of Trade-Related Job Loss in the United States and Policy Responses.
The Political Economy of Trade Backlash.
12: The Political Economy of the Globalization Backlash: Sources and Implications.
13: Roots and Offshoots of Current US Trade Policy.
14: The Fracturing of the Postwar, Free Trade Consensus: The Challenges of Constructing a New Consensus.
Challenges Ahead.
15: Globalization and Health in the United States.
16: Trade and Policy Adjustment to Automation Challenges.
17: The “Elites” against “the People”: The Crisis of Democratic Capitalism.
18: Meeting Challenges or Matching Challengers?.