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The pros and cons of globalization [An article from: Japan & The World Economy]
Book Details
Author(s)P.A. Samuelson
PublisherElsevier
ISBN / ASINB000PC0DN2
ISBN-13978B000PC0DN2
MarketplaceCanada 🇨🇦
Description
This digital document is a journal article from Japan & The World Economy, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
Analysis suggests that future freer globalized trade will (1) likely benefit both rich and poor regions, (2) probably give measured percentage gains to poor places that exceed those to rich places, (3) possible exacerbate real income inequality between rich and poor, and more certainly (4) bring more lifetime uncertainty along with enlarged material gains. A backlash to freer trade, economic history suggests, will lead to weaker productivity advance, enhanced degree of monopoly, and to aggravated crony-capitalism and plutocratic lobbyist democracy.
Description:
Analysis suggests that future freer globalized trade will (1) likely benefit both rich and poor regions, (2) probably give measured percentage gains to poor places that exceed those to rich places, (3) possible exacerbate real income inequality between rich and poor, and more certainly (4) bring more lifetime uncertainty along with enlarged material gains. A backlash to freer trade, economic history suggests, will lead to weaker productivity advance, enhanced degree of monopoly, and to aggravated crony-capitalism and plutocratic lobbyist democracy.
