Printer Friendly

Globalization Has Done A Lot Of Great Things For Americans.

Globalization has delivered many benefits to those living in the United States and elsewhere around the globe: Panos Mourdoukoutas offers a quick summary: "It has helped America win the war on communism. It has freed Americans from government regulations and militant unions. It has assigned America the role of the world's best innovator. It has helped America sustain its lead as the world's largest economy." Mourdoukoutas goes on to add that globalization provides more product choice at lower prices, while industries including telecommunications and utilities rely on government regulations to evade global competition. Globalization rewards individuals and nations with a comparative advantage. Those who fear competition and change resist global connections and innovation. - YaleGlobal

By rewarding countries and individuals with comparative advantage, globalization and new connections spur low prices and innovation

Panos Mourdoukoutas

Forbes, 4 January 2017

Read the article.

Panos Mourdoukoutas is professor and chair of the Department of Economics at LIU Post in New York. He also teaches at Columbia University. He is the author of books and has also published articles in professional journals and magazines, including Barron's, The New York Times, Japan Times, Newsday, Plain Dealer, Edge Singapore, European Management Review, Management International Review, and Journal of Risk and Insurance.

Source:Forbes

Rights:[c] 2017 Forbes Media LLC. All Rights Reserved.

COPYRIGHT 2017 Yale Center for the Study of Globalization
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:YaleGlobal Online
Article Type:Brief article
Geographic Code:1USA
Date:Jan 4, 2017
Words:215
Previous Article:To Save Global Liberalism, Time To Look Beyond Government.
Next Article:Factory Farming Blamed For Massive Bird Flu Outbreak: Experts.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters