It is innovation in that the currency better enables economic expansion. To further unpack this idea, let’s draw on the idea of globalization. Globalization is the concept of an open system of ...

Joseph S. Nye, Jr. worries that we will end up with only harmful long-distance dependencies, rather than beneficial ones.

and information will produce the best outcome for both economic growth and human welfare. There are two reasons for the recent popularity of the concept of globalization. The first is the scale and ...

The following paper draws on material originally contained in IMF Working Paper 97/43, "The Effect of Globalization on Wages in the Advanced Economies, " by Matthew J. Slaughter, Assistant Professor ...