The Adam Smith Address: What Difference Does Globalization Make
In the discussion about the impact of world trade and capital flows on the economy, much misinformation has been offered from people unfamiliar with both economic analysis and economic data that are readily available. Globalization makes very little difference in the determinants of overall national income, and redistribution has not been from labor to capital but rather from less skilled labor to more skilled. International trade has played a minor role in this redistribution. The focus in the debate should be on the facts- not the pronouncements of so-called experts.
I am delighted and honored to be here, and deeply grateful to the National Association of Business Economists for presenting me with the Adam Smith award. This means more to me than you may think. I have been unusually noisy for a serious academic over the past few years, and some of what I have had to say has not been particularly popular. In fact, a story about me in the British newspaper The Guardianbore the......
View the rest of this paper...
Approximate Word Count: 2988
Approximate Pages: 12 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
The Adam Smith Address: What Difference Does Globalization Make
THE ADAM SMITH ADDRESS: WHAT DIFFERENCE DOES GLOBALIZATION MAKE. In the
discussion about the impact of world trade and capital flows ... -
Globalization And Outsourcing
... It is very important to recognize the difference between income ... from economic theories
such as Adam Smith's theory of ... that Canada will need to address will be ... -
Business And Society, Corporate Strategy,
... We address ourselves, not to their humanity but ... not mean equal economic distribution;
difference there is ... the ideology proposed by Adam Smith (including Milton ...
Frat Files
Members
Information
