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Globalization and its disconnects

  • Teitel, Simon

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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Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

Volume (Year): 34 (2005)
Issue (Month): 4 (August)
Pages: 444-470

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Handle: RePEc:eee:soceco:v:34:y:2005:i:4:p:444-470
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620175

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  2. Sebastian Edwards, 1999. "How Effective Are Capital Controls?," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 65-84, Fall.
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  10. Dani Rodrik, 1997. "Has Globalization Gone Too Far?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 57.
  11. Teitel, Simon, 1984. "Technology creation in semi-industrial economies," Journal of Development Economics, Elsevier, vol. 16(1-2), pages 39-61.
  12. Barry P. Bosworth & Susan M. Collins, 1999. "Capital Flows to Developing Economies: Implications for Saving and Investment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 143-180.
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