November 16: Workshop: Globalization, Inequality, and the Wealth of Nations
Conducted by Geoffrey Garrett, Jared Diamond, and Edward Leamer
Published: Thursday, October 28, 2004
Globalization's Missing Middle
by Geoffrey Garrett
Synopsis From Foreign Affairs, November/December 2004
Both friends and foes of globalization overlook one of its critical effects: although it has served rich countries well and poor ones even better, globalization has left middle-income countries struggling to find a niche in world markets. Because these countries cannot compete in either the knowledge or the low-wage economy, without help, they will fall by the wayside.
First 500 of 4,391 words total available on Foreign Affair's website. Full article available for purchase there for $5.95
- The Globalization Rorschach Test: International Economic Integration, Inequality and the role of government
- Table 1. Cross National Differences in Trade and Capital Flows
- Table 2. Cross National Differences in Average Tariffs and Financial Openness
- Table 3. Correlations between globalization flows and policies
- Table 4. Global poverty.
- Figure 1. Global trade and private capital flows, 1980-2000.
- Progress: Cigars, Shoes, and then Thoughts; But what next? By Edward E. Leamer