What the Public Should Know about Globalization and the World Trade Organization

Alan Deardorff and Robert Stern

Working Papers from Research Seminar in International Economics, University of Michigan

Abstract: This paper reviews the essentials of economic globalization, as well as the major institution that has recently gotten much of the credit and blame for it, the World Trade Organization (WTO). It first defines globalization, which is just the increasing economic integration of the world economy. It then asks who gains and loses from globalization, drawing primarily upon economic theory to identify its benefits and costs, and who within and among the world's economies get them. That part of the discussion concludes by asking briefly what can and should be done about globalization. The second half of the paper turns to the WTO, which was the focus of so much negative attention at its Seattle meeting in December 1999.

Keywords: TRADE; POLICY (search for similar items in EconPapers)
JEL-codes: F10 F13 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2000
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Citations: View citations in EconPapers (2)

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Chapter: What the Public Should Know about Globalization and the World Trade Organization (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:mie:wpaper:460

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