Globalization

Globalization—the explosive growth in international trade that has accompanied advances in transportation and telecommunications—has upended traditional ways of understanding national and world economies.

Current economic statistics are not designed to capture many transactions occurring in today’s global economy, which is characterized by rapid shifts in sourcing and technological change.

Susan Houseman has observed that resulting biases and data gaps in U.S. statistics could mean economists and policymakers are overestimating output and productivity in the U.S. economy and underestimating the negative effects of the decline in U.S. manufacturing on workers.

Featured Publications
Measuring Globalization: Better Trade Statistics for Better Policy

Globalization Experts

  • Employment Relationships, Globalization, International Labor Comparisons, Unemployment Insurance