Modern Econ. Makes Globalization Unnecessarily Complicated

Globalization, as it is known today, has always been a contentious issue. It may not seem that way for people of my age who grew up under unfettered assumptions. The expansion of global trade as the key vehicle in globalization was accepted as an unqualified good. The rise of previously destitute and economically backward nations throughout the world attributed to the best of Ricardian qualities.

For people younger than me, globalization might seem equally settled if in the other direction. It is now almost a staple of mainstream political discourse, the discontent with what are now believed to be its primary products: labor insecurity and global wage depression.

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