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Increased integration of goods, capital, ideas, and people across national borders has produced large economic gains, but the benefits of globalization have not been evenly distributed. While trade economists have always said that trade produces winners and losers, many assessments of globalization have focused more on the aggregate gains than the distributional consequences. Recent research has turned to focus on globalization’s effects on inequality.
This conference brought together researchers working in international trade, international finance, labor economics, and macroeconomics who study the consequences of globalization for inequality between and within nations.