GLOBALIZATION: INSIDERS, OUTSIDERS

New Concept, Old Reality

Harold James

Chris Wellisz

Globalization is a recent term, but the internationalization of markets, people, ideas, and cultures is nothing new

James on globalization

Double-Edged Sword

A more integrated global economy is affecting workers around the world

Globalization's faces

Point of View: No Worker Left Behind

Frances O’Grady

The right policy mix means good jobs at home and abroad

A Spoonful of Sugar

Florence Jaumotte, Ksenia Koloskova, and Sweta Saxena

High- and low-skill immigration both raise incomes and confer broad benefits on advanced economies

Benefits of migration

Point of View: Upside, Downside

Alan S. Blinder

U.S. policy should carry the ball for globalization by turning trade’s gross losers into net winners

For Richer, for Poorer

Nina Pavcnik

International trade can widen inequality in developing economies

Eric Maskin on inequality

Straight Talk: A Two-Way Street

David Lipton

David Lipton

Policymakers must address economic and political
issues to strengthen globalization

Hollowing Out

Ali Alichi

The U.S. middle class is shrinking as households climb into higher, or slip into lower, income brackets

Ekkehard Ernst on The Shrinking Middle

Also in This Issue

Flight from Quality

Barry R. Chiswick

Natalie Chen and Luciana Juvenal

Argentine wine exports tell a tale of consumers’ shift to lower-quality goods after the global financial crisis

Shocks to the Purse

Benedict Clements, Xavier Debrun, Brian Olden, and Amanda Sayegh

Governments must understand and manage risks to public spending and debt

Set the Tone at the Top

Ashraf Khan

Central bank boards benefit from the same critical reviews as company boards

Point of View: Zulu Sushi and Other Hopes

Kumi Naidoo

Globalization has offered little to Africa

PEOPLE IN ECONOMICS

Ground Breaker

Ismaila Dieng

Leonard Wantchekon, a former activist who plans to train the next generation of African economists is profiled.

Wantchekon: Moving up in Benin

More People in Economics

From the Editor

Questioning accepted truths

This issue of F&D examines the good and bad sides of globalization.­

Picture This

Food Evolution

Food Evolution

Maria Jovanović

Increased agricultural efficiency and productivity are critical for food security

More with less

Currency Notes

Mountains of Cash

Food Evolution

David Pedroza

Switzerland bucks the global trend by maintaining a cash tradition

New Swiss banknotes

Book Reviews

The Fix: How Nations Survive and
Thrive in a World in Decline, Jonathan Tepperman

Taking risks

Book trailer

Gaining Currency: The Rise of the Renminbi, Eswar Prasad

Prasad on rise of the renminbi

The Fourth Industrial Revolution, Klaus Schwab

Letter to the Editor

Large gains, small losses

Stephen Tokarick

The June 2016 issue of Finance & Development contained some comments by Dani Rodrik about the gains and losses that arise from freer trade.