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Global economic integration : opportunities and challenges : a summary of the Bank's 2000 Symposium

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  • George A. Kahn

Abstract

The increasingly integrated global economy presents policymakers with both opportunities and challenges. Global economic integration is widely thought to improve the allocation of resources, promote technology transfer, and enhance living standards. But, at the same time, economic integration has frequently been blamed for growing trade imbalances, increased financial market volatility, and less effective domestic macroeconomic policies.> To better understand how policymakers can maximize the benefits from globalization while recognizing the challenges, the Federal Reserve Bank of Kansas City sponsored a symposium entitled, \\"Global Economic Integration: Opportunities and Challenges,\\" held at Jackson Hole, Wyoming, on August 24-26, 2000. The symposium brought together a distinguished group of central bankers, academics, and financial market experts.> Kahn highlights the principal issues raised at the symposium and summarizes the papers presented and the commentary. Symposium participants agreed that globalization has produced net economic benefits for national economies, and they outlined a variety of approaches for addressing the associated challenges.

Suggested Citation

  • George A. Kahn, 2000. "Global economic integration : opportunities and challenges : a summary of the Bank's 2000 Symposium," Economic Review, Federal Reserve Bank of Kansas City, vol. 85(Q IV), pages 5-15.
    • Handle: RePEc:fip:fedker:y:2000:i:qiv:p:5-15:n:v.85no.4
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    File URL: https://www.kansascityfed.org/documents/980/Global_Economic_Integration_Opportunities_and_Challenges--A_Summary_of_the_Banks_2000_.pdf
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    Cited by:

    1. Eric E. O. Opoku & Isabel K. M. Yan & Kate Hynes, 2020. "Reaching up and reaching out: The impact of competition on firms’ productivity and export decisions," Pacific Economic Review, Wiley Blackwell, vol. 25(1), pages 69-101, February.
    2. Chien, YiLi & Naknoi, Kanda, 2015. "The risk premium and long-run global imbalances," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 299-315.
    3. Pavel Breinek, 2005. "Procesy globalizace ve světové ekonomice [Processes of globalization in the world economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2005(6), pages 826-841.

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    Keywords

    Monetary policy; Financial markets;

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