Globaphobia: Confronting Fears about Open Trade

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...
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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.
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Editorial Reviews

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.
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Product Details

  • ISBN-13: 9780815711902
  • Publisher: Brookings Institution Press, Progressive Policy Institute, and Twentieth Century Fund
  • Publication date: 2/28/1998
  • Pages: 125
  • Product dimensions: 6.40 (w) x 9.50 (h) x 0.60 (d)

Table of Contents

1 Introduction 1
2 The Virtues of Openness 13
3 Openness and Jobs 44
4 Openness and Wages 59
5 Fairness and Level Playing Fields 89
6 Openness, Sovereignty, and Standards 110
7 Addressing Dislocation and Inequality 127
References 151
Index 157
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