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Globalization and the benefits of trade

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  • Robert L. Thompson

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.

Suggested Citation

  • Robert L. Thompson, 2007. "Globalization and the benefits of trade," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Mar.
    • Handle: RePEc:fip:fedhle:y:2007:i:mar:n:236
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2007/cflmarch2007_236.pdf
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    Citations

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    Cited by:

    1. Kenichiro Chinen & Mitsutaka Matsumoto & Shaun McQuitty & Michikazu Kojima, 2022. "The mediating role of functionality orientation for purchasing remanufactured products: Cases in China, Indonesia, and Thailand," Journal of Industrial Ecology, Yale University, vol. 26(2), pages 536-547, April.
    2. Chama Chipeta, 2022. "Analysing The Employment Effects Of The Exchange Rate, Foreign Direct Investment And Trade Openness On South Africa’S Non-Tradable Sectors," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    3. Michal Sosnowski, 2015. "Tax competition and the relocation process," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 14(1), pages 33-45, March.

    More about this item

    Keywords

    Globalization; International trade;

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