Winners and Losers in Globalization [Hardcover]

Seeking reason in the impassioned globalization debate, de la Dehesa examines who stands to win and who stands to lose from the process of globalization, in a style accessible to readers unfamiliar with economic theory.

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• Objectively and dispassionately illuminates the emotionally charged globalization debate;
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• Acknowledges that the costs and benefits of globalization will not be distributed evenly;
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• Details the economic effects of globalization on individuals, governments, nation-states and business;

Assesses the impact of globalization on both labor markets and financial markets, on global economic growth and on income distribution and real convergence between different national economies.

Foreword vi
Paul Krugman

Introduction viii

1 What Is Globalization? 1

2 Globalization and Economic Growth 10

3 Globalization, Real Convergence, and Income Distribution 28

4 Globalization, Employment, and Labor Markets 50

5 Globalization and the Size of Firms: Multinationals 72

6 Globalization, State, and Government 86

7 Globalization and Economic Policy 98

8 Globalization and Exchange Rates 109

9 Globalization and Financial Crises 119

10 Globalization and Culture 166

11 Who Wins and Who Loses in Globalization? 177

Bibliography 190

Index 218

I don’t expect this book to settle the debates over globalization: there is too much real uncertainty about the issue, and anyway there are tl£+