Globalization, defined in economic terms as the phenomenon of increased integration of the world economy, generates strong reactions due to some negative effects of the growth of international trade, the internationalization of industrial production, and unrestricted cross-border capital flows, while the overall mobility of labor remains quite limited. Evidence on the growth of international trade and factor mobility is reviewed and analyzed, and problems affecting developed and developing countries are detected. Policy measures to alleviate some of the dislocations from increased globalization are discussed, and some measures recommended to avoid social and political disruptions.
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Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number
07-2002.
Length: 56 pages Date of creation: Dec 2001 Date of revision: Handle: RePEc:icr:wpicer:07-2002
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Find related papers by JEL classification: F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements F22 - International Economics - - International Factor Movements and International Business - - - International Migration F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights
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