Globalization: What's New?

With original contributions from ten eminent economists, this collection presents diverse and original perspectives on globalization. The contributors analyze recent trends in trade, immigration, and capital flows; why some poor countries have grown while others have stagnated during the past two decades; globalization's impact on jobs and wages in poor countries and in the United States; the surprising environmental benefits of globalization; the degree to which foreign aid helps developing countries; the failures of international institutions to govern the global economy and supporting democracy; and how foreign loans and investments can wreak havoc on a nation's economy.