Meeting globalization's challenges : policies to make trade work for all / Luis A.V. Catao and Maurice Obstfeld, editors ; with a foreword by Christine Lagarde.

Format:

Book

Author/Creator:

Catão, Luis, Author.

Contributor:

Catão, Luis, editor.

Obstfeld, Maurice, editor.

Series:

Gale eBooks

Language:

English

Subjects (All):

International economic relations.

Free trade.

Globalization--Economic aspects.

Globalization.

Economic development--Social aspects.

Economic development.

Physical Description:

1 online resource (xix, 281 pages) : illustrations

Place of Publication:

Princeton, New Jersey : Princeton University Press, [2019]

Language Note:

In English.

Summary:

Leading economists propose solutions to the problems of globalizationGlobalization has expanded economic opportunities throughout the world, but it has also left many people feeling dispossessed, disenfranchised, and angry. Luís Catão 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 Catão and Obstfeld of main policy takeaways, Meeting Globalization's Challenges features contributions by Ufuk Akçiğit, Edward Alden, François Bourguignon, Angus Deaton, Rafael Dix-Carneiro, Jeffry Frieden, Gordon H. Hanson, Keyu Jin, Lori G. Kletzer, Anne Krueger, Paul Krugman, Nina Pavcnik, Andrés Rodríguez-Clare, Dani Rodrik, Michael Trebilcock, Laura D. Tyson, Martin Wolf, and Ernesto Zedillo.

Contents:

Foreword / Christine Lagarde

Introduction / Luís A. V. Catão and Maurice Obstfeld

Part I: Trade and the gains from globalization. The gains from trade in rich and poor countries / Andrés Rodríguez-Clare ; Globalization and innovation / Ufuk Akcigit

Part II: Globalization, development, and inequality. Trade strategy, development, and the future of the global trade regime / Dani Rodrik ; China's steroids model of growth / Keyu Jin ; Inequality, globalization, and technical change in advanced countries : a brief synopsis / François Bourguignon

Part III: Globalization, deindustrialization, and labor market adjustment. Globalization : what did we miss? / Paul Krugman ; Economic and political consequences of trade-induced manufacturing decline / Gordon H. Hanson ; International trade and inequality in developing economies : assessing recent evidence / Nina Pavcnik ; Trade and labor market adjustment : recent research on Brazil / Rafael Dix-Carneiro

Part IV. Adjustment policies. Globalization, trade, and growth / Anne Krueger ; Trade and labor market adjustment : the costs of trade- related job loss in the United States and policy responses / Lori G. Kletzer

Part V: The political economy of trade backlash. The political economy of the globalization backlash : sources and implications / Jeffry Frieden ; Roots and offshoots of current US trade policy / Edward Alden ; The fracturing of the postwar free trade consensus : the challenges of constructing a new consensus / Michael Trebilcock

Part VI: Challenges ahead. Globalization and health in the United States / Angus Deaton ; Trade and policy adjustment to automation challenges / Laura D. Tyson ; The "elites" against "the people" : the crisis of democratic capitalism / Martin Wolf ; Meeting challenges or matching challengers? / Ernesto Zedillo.

Notes:

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 06. Apr 2020)

ISBN:

0-691-19886-1

OCLC:

1119644552