Globaphobia: Confronting Fears about Open Trade

Globaphobia: Confronting Fears about Open Trade

by Gary Burtless, Robert Z. Lawrence, Robert E. Litan, Robert J. Shapiro
     
 

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Recently a growing chorus of complaint has been raised against globalization. It is widely blamed for destroying U.S. jobs and reducing American wages. The authors of this book speak directly to these concerns. They demonstrate with straightforward prose and simple illustrations why the globaphobes are wrong. Globalization has not reduced the availability of jobs. Nor…  See more details below

Overview

Recently a growing chorus of complaint has been raised against globalization. It is widely blamed for destroying U.S. jobs and reducing American wages. The authors of this book speak directly to these concerns. They demonstrate with straightforward prose and simple illustrations why the globaphobes are wrong. Globalization has not reduced the availability of jobs. Nor has it reduced the average wage. It has played only a small part in the deteriorating situation of America's least skilled workers. A challenge for Americans is to understand globalization and the benefits it brings. Equally important is the challenge of improving public policies aimed at reducing the very real pain of those Americans hurt by closer world economic integration. Globaphobia outlines a humane and practical program for advancing this goal.

Editorial Reviews

From the Publisher

"There will be many other books that treat these and similar subjects.... But it is difficult to imagine that there will be many better or more stimulating than [GLOBAPHOBIA]. The issues [GLOBAPHOBIA] raise[s] are the right ones. The solutions [it] suggest[s]... are equally correct." —Albert Fishlow, International Finance, 2:2, 1999

"Globaphobia deftly dissects the anti-trade arguments currently in vogue. An important book at an important time in the continuing debate over America's international posture.
" —James A. Baker, III, Former Secretary of State

"GLOBAPHOBIA knocks down the myths and misconceptions that too often cloud discourse concerning our increasing economic linkages with the rest of the world. The authors skillfully and impartially present data which establish that Americans overwhelmingly benefit from globalization through higher wages and better jobs.... This highly readable handbook is a welcome addition for citizens interested in policies that enhance their economic well-being, and it should be required reading for all legislators." —Carla A. Hills, Former U.S. Trade Representative

Booknews
Brookings Institution fellows and a founder of the Progressive Policy Institute make a case for the advantages of global trade at a time when, paradoxically, the US is doubting the desirability of the goal of its leadership in integrating national economies. They answer the critics of freer trade regarding the dislocation of jobs issue. Paper edition (unseen), $15.95. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9780815711902
Publisher:
Brookings Institution Press
Publication date:
02/28/1998
Pages:
125
Product dimensions:
6.00(w) x 9.00(h) x (d)

Meet the Author

Gary Burtless is the John C. and Nancy D. Whitehead Chair in the Economic Studies program at the Brookings Institution. Robert Z. Lawrence is Albert L. Williams Professor of International Trade and Investment at the Kennedy School of Government. He is also a senior fellow at the Institute for International Economics, and a research associate at the National Bureau of Economic Research. He served as a member of the President's Council of Economic Advisers from 1998 to 2000. Lawrence has also been a senior fellow at the Brookings Institution. His books include Globaphobia: Confronting Fears about Open Trade (Brookings, 1998) and Single World, Divided Nations? International Trade and the OECD Labor Markets (Brookings/OECD, 1996). Robert E. Litan is a senior fellow in Economic Studies at Brookings and vice president for research and policy at the Kauffman Foundation. Robert J. Shapiro is a founder and vice president of the Progressive Policy Institute.

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