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Globalization of the Economy

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  • Jeffrey A. Frankel

Abstract

Globalization of trade and finance has gone a long way over the last half-century. But it is less impressive than most non-economists think, judged either by the standard of 100 years ago or by the hypothetical standard of perfect international integration. The paper documents the extent of globalization, and some reasons for the barriers that remains. It then briefly considers the implications for economic growth and the implications for goals not measured by GDP equality and the environment. The conclusion is that globalization is not the primary obstacle to efforts to address such concerns.

Suggested Citation

  • Jeffrey A. Frankel, 2000. "Globalization of the Economy," NBER Working Papers 7858, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:7858 Note: IFM ITI
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Izquierdo, Alejandro & Morisset, Jacques & Olarreaga, Marcelo, 2003. "Information diffusion in international markets," Policy Research Working Paper Series 3032, The World Bank.
    2. Arribas, Iván & Pérez, Francisco & Tortosa-Ausina, Emili, 2006. "Measuring International Economic Integration: Theory and Evidence of Globalization," MPRA Paper 16010, University Library of Munich, Germany, revised 2006.
    3. Montalbano, Pierluigi & Federici, Alessandro & Triulzi, Umberto & Pietrobelli, Carlo, 2005. "Trade Openness and Vulnerability in Central and Eastern Europe," WIDER Working Paper Series 043, World Institute for Development Economic Research (UNU-WIDER).
    4. Kleinert, Jörn, 2002. "Trade and the Internationalization of Production," Kiel Working Papers 1104, Kiel Institute for the World Economy (IfW).
    5. Matthias Blum & Jörg Stosberg, 2003. "The Globalisation and its Implications for the Economic Development of Latin America," International Trade 0309023, EconWPA.
    6. Neumann, Rebecca & Holman, Jill & Alm, James, 2009. "Globalization and tax policy," The North American Journal of Economics and Finance, Elsevier, vol. 20(2), pages 193-211, August.
    7. Arribas, Iván & Pérez, Francisco & Tortosa-Ausina, Emili, 2008. "On the Dynamics of Globalization," MPRA Paper 16007, University Library of Munich, Germany, revised 2008.
    8. Oscar Molina Tejerina & Sergio Bobka Calcina, 2016. "Comercio internacional y brechas salariales no explicadas por género: Evidencia para el sector agrícola en Bolivia," Investigación & Desarrollo 0416, Universidad Privada Boliviana, revised Jun 2016.
    9. Pérez García Francisco & Tortosa-Ausina Emili & Arribas Fernández Iván, 2009. "The Distance Puzzle Revisited: A New Interpretation Based on Geographic Neutrality," Working Papers 201019, Fundacion BBVA / BBVA Foundation.
    10. Pérez, Francisco & Arribas, Iván & Tortosa-Ausina, Emili, 2009. "Openness and geographic neutrality: How do they contribute to international banking integration?," MPRA Paper 17211, University Library of Munich, Germany.
    11. Li, KW & Pang, Iris A.J. & Ng, Michael C.M., 2007. "Can Performance of Indigenous Factors Influence Growth and Globalisation?"," MPRA Paper 2083, University Library of Munich, Germany.
    12. Arribas, Iván & Pérez, Francisco & Tortosa-Ausina, Emili, 2011. "A network perspective on international banking integration," Journal of Policy Modeling, Elsevier, vol. 33(6), pages 831-851.
    13. Shahid Yusuf, 2003. "Globalisation and the Challenge for Developing Countries," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 12(Supplemen), pages 35-72, February.
    14. Alejandro Izquierdo & Jacques Morriset & Marcelo Olarreaga, 2003. "Difusión de la información en mercados internacionales," Research Department Publications 4336, Inter-American Development Bank, Research Department.
    15. Jac C. Heckelman & Andrew T. Young, 2014. "How Global is Globalization?," Working Papers 14-08, Department of Economics, West Virginia University.
    16. Arribas, Iván & Pérez, Francisco & Tortosa-Ausina, Emili, 2009. "Measuring Globalization of International Trade: Theory and Evidence," World Development, Elsevier, vol. 37(1), pages 127-145, January.

    More about this item

    JEL classification:

    • F0 - International Economics - - General
    • F1 - International Economics - - Trade

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