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Globalization: Country and company interests in conflict

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  • Gomory, Ralph
  • Baumol, William J.

Abstract

Globalization has brought about fundamental change. But, the same theory that shows that free trade is beneficial also shows that globalization can be harmful to at least one of the trading countries. Moreover, with globalization, the interests of a country and its companies may diverge. In this paper, we examine free trade in a globalizing world and identify the key policy issues that economists and industrial leaders, alike, must address in today's interdependent world.

Suggested Citation

  • Gomory, Ralph & Baumol, William J., 2009. "Globalization: Country and company interests in conflict," Journal of Policy Modeling, Elsevier, vol. 31(4), pages 540-555, July.
    • Handle: RePEc:eee:jpolmo:v:31:y:2009:i:4:p:540-555
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    References listed on IDEAS

    as
    1. Gomory, Ralph E. & Baumol, William J., 1997. "Productivity differences, world-market shares and conflicting national interests in linear trade models," Japan and the World Economy, Elsevier, vol. 9(2), pages 123-150, May.
    2. Paul A. Samuelson, 2004. "Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 135-146, Summer.
    3. Ralph E. Gomory & William J. Baumol, 2001. "Global Trade and Conflicting National Interests," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262072092, December.
    4. Baumol, William J & Gomory, Ralph E, 1996. "Inefficient and Locally Stable Trade Equilibria under Scale Economies: Comparative Advantage Revisited," Kyklos, Wiley Blackwell, vol. 49(4), pages 509-540.
    5. William J. Baumol & Ralph E. Gomory, 1996. "Inefficient and Locally Stable Trade Equilibria Under Scale Economies: Comparative Advantage Revisited," Kyklos, Wiley Blackwell, vol. 49(4), pages 509-540, November.
    6. J. R. Hicks, 1953. "An Inaugural Lecture," Oxford Economic Papers, Oxford University Press, vol. 5(2), pages 117-135.
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    Cited by:

    1. Salvatore, Dominick, 2009. "The challenges to the liberal trading system," Journal of Policy Modeling, Elsevier, vol. 31(4), pages 593-599, July.

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