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Over the past two decades, the percentage of the world's population living on less than a dollar a day has been cut in … half. How much of that improvement is because of-or in spite of-globalization? While anti-globalization activists mount … loud critiques and the media report breathlessly on globalization's perils and promises, economists have largely remained …
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Economists devote too much attention to international flows of goods and services and not enough to international flows of ideas. Traditional trade flows are an imperfect substitute for flows of the underlying ideas. The simplest textbook trade model shows that a welfare-enhancing move toward...
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labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …
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