The issue of globalization is contentious: Detractors howl about jobs lost as firms relocate operations overseas, while proponents point to reduced costs. As rising nationalism in the United States threatens to reverse globalization’s momentum, this astute and timely report from researchers Jeanne Metivier, Mattia Di Salvo and Jacques Pelkmans underscores the differences between the American and the European Union approaches to global trade. The authors write more for the economist than the general reader, but even nonprofessionals can, with some effort, grasp its critical points. getAbstract finds their paper to be especially relevant now, given the ongoing debate on globalization.
In this summary, you will learn
- How the European Union and the United States have adopted different policy stances on globalization,
- How its trade policies appear to have benefited the EU relative to the US, and
- What critical metrics compare both regions’ globalization efforts.
About the Authors
Jeanne Metivier, Mattia Di Salvo and Jacques Pelkmans are researchers at CEPS.