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Challenges to Globalization: Analyzing the Economics
     

Challenges to Globalization: Analyzing the Economics

by Robert E. Baldwin, L. Alan Winters
 

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ISBN-10: 0226036154

ISBN-13: 9780226036151

Pub. Date: 04/16/2004

Publisher: University of Chicago Press

People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World Trade Organization's (WTO) ministerial conferences in Seattle and Cancun, respectively, have highlighted the tensions among official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental

Overview

People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World Trade Organization's (WTO) ministerial conferences in Seattle and Cancun, respectively, have highlighted the tensions among official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental and private sector organizations, and some developing country governments. These tensions are commonly attributed to longstanding disagreements over such issues as labor rights, environmental standards, and tariff-cutting rules. In addition, developing countries are increasingly resentful of the burdens of adjustment placed on them that they argue are not matched by commensurate commitments from developed countries.

Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization's relationship to democracy, its impact on the environment and on labor markets including the brain drain, sweat shop labor, wage levels, and changes in production processes, and the associated expansion of trade and its effects on prices. Baldwin, Winters, and the contributors to this volume look at multinational firms, foreign investment, and mergers and acquisitions and present surprising findings that often run counter to the claim that multinational firms primarily seek countries with low wage labor. The book closes with papers on financial opening and on the relationship between international economic policies and national economic growth rates.

Product Details

ISBN-13:
9780226036151
Publisher:
University of Chicago Press
Publication date:
04/16/2004
Series:
National Bureau of Economic Research Conference Report Series
Edition description:
1
Pages:
560
Product dimensions:
6.00(w) x 9.00(h) x 1.40(d)

Table of Contents

Contents
Acknowledgments Challenges to Globalization: An Overview Robert E. Baldwin and L. Alan Winters....................1
I. The Critics 1. Assessing Globalization's Critics: "Talkers Are No Good Doers?" Kimberly Ann Elliott, Debayani Kar, and J. David Richardson....................17
2. Globalization and Democracy Carl B. Hamilton....................63
II. Trade Flows and Their Consequences 3. Geography and Export Performance: External Market Access and Internal Supply Capacity Stephen Redding and Anthony J. Venables....................95
4. Globalization and International Commodity Trade with Specific Reference to the West African Cocoa Producers Christopher L. Gilbert and Panos Varangis....................131
5. Globalization and Dirty Industries: Do Pollution Havens Matter? Jean-Marie Grether and Jaime de Melo....................167
III. Factor Markets: Labor 6. The Role of Globalization in the Within-Industry Shift Away from Unskilled Workers in France Vanessa Strauss-Kahn....................209
7. The Brain Drain: Curse or Boon? A Survey of the Literature Simon Commander, Mari Kangasniemi, and L. Alan Winters....................235
8. The Effects of Multinational Production on Wages and Working Conditions in Developing Countries Drusilla K. Brown, Alan V. Deardorff, and Robert M. Stern....................279
IV. Factor Markets: Capital 9. Home- and Host-Country Effects of Foreign Direct Investment Robert E. Lipsey....................333
10. Competition for Multinational Investment in Developing Countries: Human Capital, Infrastructure, and Market Size David L. Carr, James R. Markusen, and Keith E.Maskus....................383
11. The Cross-Border Mergers and Acquisitions Wave of the Late 1990s Simon J. Evenett....................411
V. Macroeconomics 12. Financial Opening: Evidence and Policy Options Joshua Aizenman....................473
13. Openness and Growth: What's the Empirical Relationship? Robert E. Baldwin....................499
Contributors....................527
Author Index....................531
Subject Index....................539

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