 Cost-Benefit Analysis of Economic GlobalizationNo 90614, Economic Theory, Applications and Issues Working Papers from University of Queensland, School of Economics Abstract: Argues that it is unrealistic to expect the net benefit of economic globalization to be represented by a single monetary figure because its consequences are diverse and several of its consequences are uncertain. The benefits of economic globalization are accessed in terms of its possible impact on the level of global production and exchange of commodities. Both static and dynamic analysis are considered and particular attention is given to economies of scale and to technological change. Possible beneficial impacts of economic globalization on product variety are considered. The economic consequences of International mobility of factors of production (such as labour and capital) are assessed. In addition, the impacts of globalization on conditions of employment, income inequality, poverty, economic vulnerability and environmental issues of global concern are taken into account in considering the benefits and costs of globalization. While most economists seem to believe that growing economic globalization has yielded net economic benefit to date, its future ability to continue to do this is far from certain. Keywords: International Development; International Relations/Trade; Labor and Human Capital (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:uqseet:90614 Access Statistics for this paper More papers in Economic Theory, Applications and Issues Working Papers from University of Queensland, School of Economics Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.