Glob·ali·zaʹ·tion n. the irrational fear that someone in China will take your job / Bruce C. Greenwald and Judd Kahn.

Format:

Book

Author/Creator:

Greenwald, Bruce C., 1946-

Contributor:

Kahn, Judd, 1940-

Language:

English

Subjects (All):

Globalization--Economic aspects.

Globalization.

International trade.

Labor market.

International economic relations.

Physical Description:

xxi, 186 pages ; 23 cm

Other Title:

Globalization : the irrational fear that someone in China is going to steal your job

Place of Publication:

Hoboken, N.J. : John Wiley & Sons, [2009]

Contents:

Introduction: Just How Global Are We? xiii

Chapter 1 It May Be News, But It Isn't New: A Brief History of Globalization 1

Tradable Goods 3

From Goods to Services 8

Which Services Remain Rooted? 11

Why So Newsworthy? 19

Chapter 2 Countries Control Their Fates: How Little Globalization Explains 23

Who Calls the Shots? 25

An Inadvertent Experiment 29

The Uneven Course of Manufacturing 31

The Recipe for Productivity Growth 33

Importance of Incremental Improvements 35

Tell Me Again: Why Is China Rising? 38

Episodic Improvements and Retreats 40

Widely Shared Diversions 42

What About Free Trade? 51

Keep It Local 53

Chapter 3 Employment Trends for Globalization 3.0: Are All the Good Jobs Going Away? 55

Recent History as a Guide 56

Recent Patterns of Employment and Unemployment in the United States 60

The Changing Nature of Work 62

The Meaning Is in the Details 63

That Giant Sucking Sound Is Coming from ... 69

But Will the Future Be Different? 71

What about Wages? 74

Chapter 4 Can We Make Any Money?: What Globalization Does to Profits 79

Companies Under Globalization 3.0 80

Why Some Companies Are Profitable 84

Profits in Competitive Markets: Low Before Globalization, and Low After 86

Profits in Protected Markets: Do They Survive? 90

How to Keep Competitors Out 93

The Special Role of Economies of Scale Advantages 102

Competitive Advantages in a Global World 104

The Future of Profitability 108

Chapter 5 International Finance in a Global World: Home Field Advantage 111

Flow of Funds 113

Foreign Direct Investment: Not Where the Action Is 116

Financial Markets and Portfolio Investment: Not Here, Either 118

Institutions as Investors: These Do Matter 120

Safer at Home: Financial Markets and the Limits of Globalization 126

Global Capital Markets and Economic Development: More Headlines Than Production Lines 129

Chapter 6 A Genuine Global Economic Problem: Replacing the Consumer of Last Resort 135

The Link between Reserve Currencies and Global Financial Stability 136

Chronic Surplus Countries and Monetary Mercantilism 142

The Global Financial System and Global Economic Stability 147

The Situation of the United States 151

A Modest Proposal for a New Reserve Currency 156

Conclusion: Beyond Economics 161

Globalization and Everything Else 163

One Last Question 169.

Notes:

Includes bibliographical references (pages 171-177) and index.

ISBN:

047016963X

9780470169636

9780470632437

OCLC:

233591850