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For much of the post-World War II period, the increasing globalization of the U.S. economy was welcomed by policymakers and by the American people. We gained the benefits of cheaper and, in some cases, better foreign-made products, while U.S. firms gained wider access to foreign markets. The ...

For much of the post-World War II period, the increasing globalization of the U.S. economy was welcomed by policymakers and by the American people. We gained the benefits of cheaper and, in some cases, better foreign-made products, while U.S. firms gained wider access to foreign markets. The increasing economic interlinkages with the rest of the world helped promote capitalism and democracy around the globe. Indeed, we helped "win" the Cold War by trading and investing with the rest of the world, in the process demonstrating to all concerned the virtues of trade and markets. In recent years, however, a growing chorus of complaints has been lodged against globalization--which is blamed for costing American workers their jobs and lowering their wages. The authors of this book speak directly and simply to these concerns, demonstrating with easy prose and illustrations why the "globaphobes" are wrong. Globalization has not cost the United States jobs. Nor has it played any more than a small part in the disappointing trends in wages of many American workers. The challenge for all Americans is to embrace globalization and all of the benefits it brings, while adopting targeted policies to ease the very real pain of those few Americans whom globalization may harm. Globaphobia outlines a novel, yet sensible program for advancing this objective. Copublished with the Twentieth Century Fund and the Progressive Policy Institute

This book examines the ways open markets deliver their considerable benefits to countries and their citizens, recalls the real pocketbook costs of protectionism, and addresses concerns that market liberalization will increase unemployment, skew income distribution, endanger the environment, and ...

This book examines the ways open markets deliver their considerable benefits to countries and their citizens, recalls the real pocketbook costs of protectionism, and addresses concerns that market liberalization will increase unemployment, skew income distribution, endanger the environment, and compromise national sovereignty.

The main theme of the book is that liberalization is part of the solution to the problems that concern people, not the cause. The book's comprehensive treatment of the ins and outs of trade and investment liberalization make it essential reading for public officials, business leaders, and others who wish to take an active part in supporting open markets.

Since its creation in January 1995, the World Trade Organization has expanded the reach of trade rules deep into the regulatory structure of almost 140 sovereign states. As a result, it has found itself at the centre of controversy in areas that are well outside the domain of traditional trade ...

Since its creation in January 1995, the World Trade Organization has expanded the reach of trade rules deep into the regulatory structure of almost 140 sovereign states. As a result, it has found itself at the centre of controversy in areas that are well outside the domain of traditional trade policy. Although there are demands for reform the architects of the WTO are proud of having created what they consider to be a major achievement in institutionalised global economic co-operation. The central question is how to respond to the pressures now falling on the WTO system while ensuring the preservation of a trading system that has led to unprecedented growth in the world economy. This question is addressed in this book. A number of prominent personalities representing a broad spectrum of interests in the field of international policy-making, and with a strong interest in a well-functioning trading system, offer their views on the role of the WTO in Global Governance.