Site Navigation
Has Globalization Gone Far Enough?
The Costs of Fragmented International Markets
List Price:
£22.95
Our Online Price: £
20.65
Availability: Available for immediate despatch
- Book details for Has Globalization Gone Far Enough?
- Robert Lawrence (author), Scott Bradford (author)
- Paperback, 230 x 154 x 6mm , 200 pp
- 31 Oct 2002
- Institute for International Economics,U.S.
- 0881323497
- 9780881323498
Has globalization gone far enough? This study uses the underlying data from Purchasing Power Parity Surveys to estimate the potential benefits from fully integrating goods markets among major OECD countries. These data are particularly useful because every effort has been made to ensure that they are comparable. Input-output tables are used to eliminate distribution margins from final goods prices and thereby provide estimates of ex-factory prices. Price differentials are taken as measures of barriers, and the welfare effects of eliminating these barriers is estimated in a general equilibrium model. The study also provides some insights into the relative openness of individual OECD countries to the world economy, and the degree to which Europe has become a single market.
Robert Z. Lawrence, Senior Fellow, is the Albert L. Williams Professor of Trade and Investment and the John F. Kennedy School of Government. He was nominated by President Clinton to serve as a Member of his Council of Economic Advisers in 1999. He held the New Century Chair as a non-resident senior fellow at the Brookings Institution, and founded and edited the Brookings Trade Forum. Dr. Lawrence has been a senior fellow in the Economic Studies Program at Brookings (1983-91), a professorial lecturer at the Johns Hopkins School of Advanced International Studies (1978-81), and an instructor at Yale University (1975). He has served as a consultant to the Federal Reserve Bank of New York, the World Bank, the OECD, and UNCTAD. He is the author of more than 100 papers and articles on topics in the field of international economics, particularly on global integration, trade in the Middle East, and the impact of trade on the labor market. He is also the author of several books, including Globaphobia: Confronting Fears about Open Trade (Brookings Institution Press; 1998).
