This paper offers a critical survey of a strong globalization thesis that predicts a direct link from more open trade and investment regimes to faster economic growth in developing countries and income convergence across the global economy. Its examination of recent experience suggests that...

This paper rejects the characterization of globalization as an autonomous and irresistible process driven by the impersonal forces of the market and technical progress. Whether domestic or global, market forces are shaped and controlled by policy choices and the institutional frameworks in which...

It has become popular to draw a parallel between current globalization trends and the half century of international economic integration before the First World War. Indeed, some writers suggest that current trends mark a return to this earlier period, from which they draw strong conclusions...