Summary of How Should We Think about the Winners and Losers from Globalization?

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

How Should We Think about the Winners and Losers from Globalization? summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Eye Opening
  • Important
  • Analytical

Recommendation

Globalization has its adherents but also its malcontents, and how to address the dissatisfactions of the latter group has become a disruptive issue. In this thought-provoking analysis for policy experts and business leaders, professor Nicolas Lamp synthesizes the current thinking about globalization into three perspectives. He concludes that the diverse views encompass fundamentally different value systems. While he offers policy designs consistent with each, he recommends an approach that would recast international agreements to most fairly distribute the gains from trade.

About the Author

Nicolas Lamp is an assistant professor at Queens University.

 

Summary

Three different approaches inform the debate on globalization.

Today’s politics and policies grapple with people’s anger and frustration over globalization’s diverse economic outcomes. While open trade benefits many, it leaves others out. Three differing mind-sets with important implications for future trade agreements inform the debate on this issue:

“The Trump narrative” views jobs as property.

 The first perspective holds that American labor is in a fight to take back the jobs lost to developing countries through treaties like the North American Free Trade Agreement, that&#...


More on this topic

Customers who read this summary also read

Straight Talk on Trade
8
The Free-Trade Paradox
9
World Economic Outlook April 2017
7
Europe in a New World Order
8
And the Weak Suffer What They Must?
8
From Wall Street to Bay Street
8

Related Channels

Comment on this summary