- Trade Agreements - Bilateral, regional or multilateral
economic arrangements designed to reduce or eliminate trade
- Capital Flow - Measurement of an increase or decrease
in a nation’s domestic or foreign assets.
- Migration Patterns - Impact of labor market fluidity
on production costs through the loss (emigration) or gain
(immigration) of potential workers, especially those with
- Information Transfer - Communication trends that help
mitigate the asymmetric functioning of markets and economies.
- Spread of Technology - Rapid dispersion of the means
and methods of producing goods and services.
Predating the term globalization by centuries, ‘cosmopolitan', which derives from the Greek word kosmopolitęs (‘citizen of the world'), had as its core the belief that all human beings belong to a single community. Although the term has had a checkered history (and for the most part is out of fashion), that piece of cosmopolitanism which advocated the benefits of shared markets serves to inform the movement toward globalization today. Still, like its predecessor term, the cloudy concepts behind Globalization have empowered its fierce critics to decry the perceived naive or unsavory motives of its advocates. Listed below are sources designed to provide both an introduction to the elements used to describe globalization and a pathway for further research.
Anderson, James E. and van Wincoop, Eric. "Borders,Trade
and Welfare,". In Brookings Trade Forum 2001, ed. by Susan
Collins and Dani Rodrik. Washington, D.C.: Brookings Institution
http://papers.nber.org/papers/W8515.pdf [PDF format: 139 KB / 37 p.]
LC Call Number: HF1371 .B76
LC Catalog Record: sn 98000814
The authors conclude, based on their
gravity model measuring trade flow changes, that increased
international economic integration, even with static constant
returns, routinely lead to potential welfare benefits.
Blanchard, Olivier M. In the wake of the crisis : leading economists reassess economic policy. Cambridge, Mass. : MIT Press, c2012.
LC Call Number: HB3717 2008 .I6 2012
LC Catalog Record: 2011040553
This is a look at the future of the world economy after the global financial crisis including future directions for: monetary policy, fiscal policy, financial regulation, growth strategies, and the international monetary system, and the economic models that should underpin thinking about critical policy choices.
Frankel. Jeffrey A., editor. The Regionalization
of the World Economy. Chicago: University of Chicago Press, 1998.
LC Call Number: HF1418.7 .R447 1998
LC Catalog Record: 97015325
Examines regional agreements on patterns
of trade, focusing on the economic effects of price differentials
and bilateral trade flows.
Gruber, Lloyd. Ruling the World: Power
Politics and the Rise of Supranational Institutions. Princeton, N.J.: Princeton
University Press, 2000.
LC Call Number: JZ1308 .G78 2000
LC Catalog Record: 99046063
Gruber suggests that the uneven distribution
of "power politics" – the transfer of policy-making
from individual nation-states to supranational institutions – helps
explain why some states pursue cooperative arrangements under
the guise of economic and political integration and why some
states may lose out regardless of their decision to participate
in the process or not.
Lawrence, Robert Z. Regionalism, Multilateralism,
and Deeper Integration.
Washington, D.C.: Brookings Institution Press, 1996.
LC Call Number: HF1418.5 .L388 1996
LC Catalog Record: 95026205
Lawrence examines the utility of regional arrangements for attaining international economic
integration and provides a balance view of policy successes and failures.
Marcuse, Peter and Ronald van Kempen, Editors. Globalizing
Cities: A New Spatial Order? Malden, Mass: Blackwell publishers, 2000.
LC Call Number: HT119 .G65 2000
LC Catalog Record:
The contributors focus on the affects of globalization on cities, the mechanisms in place to facilitate economic integration and how they operate, and the results they produce.
Moffett, Michael H. Fundamentals of multinational finance. 4th ed. Boston, MA : Prentice Hall, c2012.
LC Call Number: HG4027.5 .M64 2012
LC Catalog Record: 2011023356
Using case studies and real world examples this title familiarizes readers with fundamental concepts and tools necessary to implement an effective global financial management strategy. Sections include topics like the global financial market and foreign exchange theory.
Stiglitz, Joseph E. Globalization and its Discontents. New York: W. W. Norton, 2002.
LC Call Number:HF1418.5 .S75 2002
LC Catalog Record:
Motivated by what Stiglitz saw as the failure of major lending institution to improve the economic and political welfare of developing nations, the author calls for a rethinking of the way industrialized nations have imposed economic policies on the international system
International Forum on Globalization (IFG)
The IFG describes itself as “an alliance of ... leading activists, scholars, economists, researchers and writers formed to stimulate new thinking, joint activity, and public education in response to economic globalization.” The site provides links to news, books, analysis, and programs related to the impact of globalization.
p>GlobalEDGE: International Business Resource Desk
Michigan State University site designed to provide “current
information on the business climate, news, history, political
structure, economic landscape, and relevant statistical data
for 196 countries.” Contains directory of international
business resources, market potential indicators for 24 emerging
markets, and a glossary of International Business terms.
Berkeley Roundtable on the International Economy
Provides full text access to over 1,500 research studies focusing on the interrelationships between technologies, markets, strategies and policies.
Council for European Studies
American professional association that promote interdisciplinary research and study of Europe in the social sciences and humanities. Contains links to news sources and archive centers covering European perspectives on globalization.
Federation of American Scientists
Contains hundreds of full text articles
devoted to the effects of globalization, especially on international
security issues. The site’s content is consistent with
the Federation’s definition of Globalization as “the
integration of the political, economic and cultural activities
of geographically and/or nationally separated peoples.”
University of Iowa Center for International Finance & Development: Globalization
The Center’s electronic handbook of international finance
and development is an excellent gateway for descriptions,
concepts, and definitions driving globalization.
Contains primary source documents related to international trade law, including GATT/WTO decisions and a number of links to other sources of information on the web.
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