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Globalization and the benefits of trade
Globalization involves increasing integration of economies around the world, from the national to the most local levels, thereby promoting international trade in goods and services and cross-border movement of information, technology, people, and investments. This article examines the benefits and costs to the U.S. and other countries.
Globalization and rural America
Globalization has been a great benefit to rural America in that it has opened overseas markets for its agriculture. Yet, there is growing concern that U.S. rural communities will lose not only their share of agricultural trade but also nonfarm jobs to global competition. This article examines how they can remain competitive relative to low-income countries.