Dilemmas in the World’s Economy

Harvard FAS

Standards of living vary greatly across countries, they rise fast in some and slowly in others. Economic growth has historically been related to the expansion of international commerce as well as industrialization and institutional reforms. How does a country’s well-being and growth depend on its trade partners? Is globalization in the form of international integration desirable? Do all income classes benefit from globalization? What role do trade policies play in shaping the benefits and…