Developed Nations and the Economic Impact of Globalization
This book discusses the economic and geopolitical effects of globalization from historical and institutional perspectives. While it has had unintended consequences, such as displacing developed countries' dominance of production markets, the overall benef
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Economic Impact of
Globalization Ken Moak
Developed Nations and the Economic Impact of Globalization
Ken Moak
Developed Nations and the Economic Impact of Globalization
Ken Moak Capilano University North Vancouver, BC, Canada
ISBN 978-3-319-57902-3 ISBN 978-3-319-57903-0 (eBook) DOI 10.1007/978-3-319-57903-0 Library of Congress Control Number: 2017940372 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover image: © Susan McWhinney/Alamy Stock Photo Cover Design by Oscar Spigolon Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
To my first granddaughter, Mila May Lai Dowe, hoping and praying that she and millions of babies and children will live in a world of compassion, humanity, peace and prosperity.
Preface
Globalization may not be popular during periods of economic slowdown and high unemployment, but it has benefited the world far more than it cost. Without free or free international trade and investment, improvements in transportation, communication, and information technologies might not have advanced as quickly as they have. It was the lure of higher profits that incentivized business enterprises or investors to seek new and more efficient methods to transport greater quantities of goods across the globe faster and cheaper. Without immigration, the developed economies, particularly the United States might not have earned its status as the world’s leader in innovation. Its well-funded universities have attracted and will continue to attract some of the world’s best and brightest minds to its shores. Without international cooperation, peace between major powers might not have lasted as
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