TY  - JOUR
AU  - Frankel,Jeffrey A.
TI  - Globalization of the Economy
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 7858
PY  - 2000
Y2  - August 2000
UR  - http://www.nber.org/papers/w7858
L1  - http://www.nber.org/papers/w7858.pdf
N1  - Author contact info:
Jeffrey A. Frankel
Kennedy School of Government
Harvard University
79 JFK Street
Cambridge, MA 02138
Tel: 617/496-3834
Fax: 617/496-5747
E-Mail: jeffrey_frankel@harvard.edu
AB  - Globalization of trade and finance has gone a long way over the last half-century.  But it is less impressive than most non-economists think, judged either by the standard of 100 years ago or by the hypothetical standard of perfect international integration.  The paper documents the extent of globalization, and some reasons for the barriers that remains.  It then briefly considers the implications for economic growth and the implications for goals not measured by GDP   equality and the environment.  The conclusion is that globalization is not the primary obstacle to efforts to address such concerns.
ER  -