1. Globalization Benefits And Threats
... , it is the aim of this paper to set out--in stylised rather than systematic form--some of the major elements of a cost-benefit analysis of globalisation. The benefits--especially enhanced aggregate economic welfare--are better understood than the costs. While the costs are in many ways the other side of the benefit coin, what they are, ... elites to create an appropriate balance between a normative commitment to maintaining an open liberal economic order and the domestic socio-political imperatives that drive policy processes. First best, economically efficient, solutions may not always ...
- Word Count: 9082
- Approx Pages: 36
- Grade Level: Undergraduate