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The United States in the World Economy

Making Sense of Globalization

  • Anthony¬†Elson

About this book

Introduction

This book assesses the impact of globalization on the US economy from the perspective of international trade, finance and immigration, with a view to eliminating misinformation in the current public debate about the costs and benefits of globalization. The United States has played a key role in the development of economic and financial globalization since the end of World War II and has been the largest force for integration of the global economy. While the US economy as a whole has been a net beneficiary from globalization, significant costs have been incurred by certain groups and communities as a result of its effects. This book evaluates the benefits, costs and impact on income distribution for the United States in the areas of international trade, finance and immigration, drawing on key findings of the relevant literature. A key argument of this book is that the US economy has been a significant net beneficiary from globalization, but that the government needs to do more for those workers negatively impacted by its effects. This book ends by proposing key institutional reforms at the national and international level that would foster further gains from globalization and create a more equal distribution of its benefits. 

Keywords

economic globalization financial globalization global economy liberal international order trade immigration global economic hegemony governance US economic policy wealth inequality migratory flows trade globalization

Authors and affiliations

  • Anthony¬†Elson
    • 1
  1. 1.School of Advanced International StudiesJohns Hopkins UniversityWashington, DCUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-20688-8
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-20687-1
  • Online ISBN 978-3-030-20688-8
  • Buy this book on publisher's site