Globalization: Challenge and Opportunity

by Gideon Rose

Expert testimonials for and against the most important economic and political topic of the decade. This reader brings together an impressive collection of experts to explore those impacts and disentangle the thorny issues that the globalization debates raise. The pieces represent a cross-section of opinion on the subject, although most underscore that the benefits of integration far outweigh those of isolation. Originally published in the pages of Foreign Affairs , the essays fall into four broad categories. The first explores just what the contemporary globalization trend has involved and whether its effects should be cheered or jeered. The second looks at how developing countries have fared in the new dispensation and what if anything can be done to help them prosper. The third analyzes how states and firms have reacted to the new pressures placed on them. And the fourth category treats the contemporary international economic architecture and the reforms to it, if any, that may be appropriate. Together the essays highlight the most important analytical questions about globalization today while suggesting some broad answers.Contributors include Jagdish Bhagwati, Alan S. Blinder, David Dollar &Aart Kraay, Barry Eichengreen, Jessica Einhorn, James K. Galbraith, Joe W. Pitts III & Andrew Wells-Dang, Richard N. Haass & Robert E. Litan, Ethan B. Kapstein, Jay Mazur, Joseph S. Nye Jr., Bruce R. Scott, M. A. Thomas, Martin Wolf

156 pages, Paperback

First published October 1, 2002