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How Much Do National Borders Matter?
Paperback
Series: Integrating National Economies
Business GeneralEconomicsInternational Relations
ISBN13: 9780815735533
Publisher: Brookings Institution Press
Published: Jul 1 1998
Pages: 184
Weight: 0.58
Height: 0.48 Width: 6.02 Depth: 9.00
Language: English
It is widely believed that globalization has proceeded to the point where international economic linkages are as strong as those within nations. Struck by research suggesting that this perception is dramatically mistaken, John Helliwell spent three years assessing the evidence. The results are reported in this book, the latest in Brookings' Integrating National Economies series. It provides the most systematic measurements yet available of the relative importance of global and national economic ties.
The evidence offers a challenge to economists, policymakers, and citizens to explain why national economies have so much staying power, and to consider whether this is a good or bad thing. Helliwell argues that since large and small industrial economies have similar levels of income, there are likely to be diminishing returns from increases in globalization beyond levels sufficient to permit the ready exploitation of comparative advantages in trade, and relatively easy access to knowledge developed elsewhere.
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