Economics of Globalization

This handbook may be used as an introductory text or as supplementary reading material for an undergraduate course in globalization. It resembles an instructor’s notebook that covers a broad range of issues and problems concerning globalization. The goal is to inform and build awareness without the use of grand theorizing and flashy empiricism. The largely descriptive material is drawn from the popular presses as well as scholarly sources. The handbook begins with the history and mechanics of globalization before looking at the theories on offer. This is followed by a detailed exploration of the relationship between globalization and the environment, the changing status of work and wages and the increasingly complex world of finance and investment. The journey concludes with a look at the bigger policy questions and the challenges that globalization poses in an uncertain world. An extensive list of references provides the reader with an opportunity to pursue related topics of interest at leisure.