For one thing, some of its theoretical advantages appear to be just that: theoretical. In principle, financial globalization allows savers in rich countries to reap high returns in fast-growing ...

ROGER W. FERGUSON, JR., is the Steven A. Tananbaum Distinguished Fellow for International Economics at the Council on Foreign Relations.

To get beyond the polemics, we put together a framework for analyzing the vast and growing body of studies about the costs and benefits of financial globalization. Our framework offers a fresh ...

International trade has a range of advantages and disadvantages.

Economic globalization is at a new crossroads. It must be guided carefully to maximize its benefits and ensure its sound and sustainable development. The World Trade Report 2024 warns that ...