Globalization: The Long-Run Big Picture

Summary

Introduction

The Economic World Today and in a Hundred Years (Table 1)

Ricardo to the Rescue: "Value and Riches, Their Distinctive Properties"

The Contributions of Globalization: Extending the Division of Labor

Globalization and Capital Accumulation      Ricardo on Capital Accumulation: An Answer to the Fears of Capital Transfer (Table 2)

The Anti-Globalization Arguments of Gomory and Baumol

Outsourcing

Competition, Comparative Advantage, and Capital Accumulation

Notes