EconoFact: Globalization and its consequences

Globalization refers to economic integration along various dimensions – international trade, the movement of people, as well as of capital. While such integration has made people better off in aggregate, it has created winners as well as losers. How much…

EconoFact: Globalization and its consequences

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Globalization refers to economic integration along various dimensions – international trade, the movement of people, as well as of capital. While such integration has made people better off in aggregate, it has created winners as well as losers. How much of globalization’s adverse impact is due to cross-border trade, versus technological advances and automation? In this video Maurice Obstfeld, Class of 1958 Professor of Economics at UC Berkeley, and Michael Klein, Executive Editor of EconoFact discuss.

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