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The United States in the World Economy

Making Sense of Globalization

  • Book
  • © 2019

Overview

Authors:
  1. Anthony Elson

    1. School of Advanced International Studies, Johns Hopkins University, Washington, DC, USA

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  • Provides a balanced assessment of the benefits and costs of globalization from both a conceptual and empirical perspective

  • Considers the impact of globalization on the US economy from a multi-dimensional perspective, taking account of trade, financial, and migratory flows

  • Addresses a number of policy and institutional reforms at the national and international levels that can be made to ensure the net benefits of globalization are maximized and more evenly distributed

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xvi
    Download chapter PDF

  2. The Benefits and Perils of Globalization

    • Anthony Elson
    Pages 1-17

  3. Key Markers in the Global Integration of the US Economy

    • Anthony Elson
    Pages 19-41

  4. Trade Globalization and the US Economy

    • Anthony Elson
    Pages 43-74

  5. The Special Role of the United States in the Global Financial System

    • Anthony Elson
    Pages 75-109

  6. The United States as a Major Destination for Migratory Flows

    • Anthony Elson
    Pages 111-130

  7. The Impact of Globalization on Income and Wealth Inequality in the United States

    • Anthony Elson
    Pages 131-150

  8. Current US Economic Policy and the Outlook for Globalization

    • Anthony Elson
    Pages 151-171

  9. The Governance of Globalization: National and International Dimensions

    • Anthony Elson
    Pages 173-201

  10. The United States and Globalization: Where Do Things Stand?

    • Anthony Elson
    Pages 203-221

  11. Back Matter

    Pages 223-227
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Keywords

About this book

This book assesses the impact of globalization on the US economy from the perspective of international trade, finance, and immigration, with a view to eliminating misinformation in the current public debate about the costs and benefits of globalization. The United States has played a key role in the development of economic and financial globalization since the end of World War II and has been the largest force for integration of the global economy. While the US economy as a whole has been a net beneficiary from globalization, significant costs have been incurred by certain groups and communities as a result of its effects. This book evaluates the benefits, costs, and impact on income distribution for the United States in the areas of international trade, finance, and immigration, drawing on key findings of the relevant literature. A key argument of this book is that the US economy has been a significant net beneficiary from globalization, but that the government needs to do more for those workers negatively impacted by its effects. This book ends by proposing key institutional reforms at the national and international level that would foster further gains from globalization and create a more equal distribution of its benefits. 

Reviews

“He covers a remarkable swath of intellectual terrain concisely, impressively combining analytical meticulousness with striking breadth. The author also manages to comment with great clarity on a number of topical issues, including the debate in America regarding immigration and pacts like the North American Free Trade Agreement and the Trans-Pacific Partnership. An analytically thorough and thoughtful discussion of globalization that provides a helpful history and sensible policy recommendations.” (Kirkus, kirkusreviews.com, June 19, 2019)   

Authors and Affiliations

  • School of Advanced International Studies, Johns Hopkins University, Washington, DC, USA

    Anthony Elson

About the author

Anthony Elson is an international economist, writer, and university lecturer in the Washington, DC area. For a number of years, he was a senior staff member of the International Monetary Fund and consultant with the World Bank. He has also taught at the Duke Center for International Development, the Paul H. Nitze School for Advanced International Studies at Johns Hopkins University, and Yale University.  



Bibliographic Information

  • Book Title: The United States in the World Economy

  • Book Subtitle: Making Sense of Globalization

  • Authors: Anthony Elson

  • DOI: https://doi.org/10.1007/978-3-030-20688-8

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

  • Hardcover ISBN: 978-3-030-20687-1Published: 27 June 2019

  • Softcover ISBN: 978-3-030-20690-1Published: 14 August 2020

  • eBook ISBN: 978-3-030-20688-8Published: 17 June 2019

  • Edition Number: 1

  • Number of Pages: XVI, 227

  • Number of Illustrations: 11 b/w illustrations

  • Topics: International Economics, North American Economics, Political Economy/Economic Systems, Globalization

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