Globalization and the benefits of trade

Robert L. Thompson

Chicago Fed Letter, 2007, issue Mar, No 236

Abstract: Globalization involves increasing integration of economies around the world, from the national to the most local levels, thereby promoting international trade in goods and services and cross-border movement of information, technology, people, and investments. This article examines the benefits and costs to the U.S. and other countries.

Keywords: Globalization; International trade (search for similar items in EconPapers)
Date: 2007
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