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Globalization

When goods, services, and capital flow freely across U.S. borders, Americans can take full advantage of the opportunities of the international marketplace. They can buy the best or least expensive goods and services the world has to offer; they can sell to the most promising markets; they can choose among the best investment opportunities; and they can tap into the worldwide pool of capital. Study after study has shown that countries that are more open to the global economy grow faster and achieve higher incomes than those that are relatively closed.

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Books and Book Chapters

Economic Freedom of the World Interactive Map

Mad about Trade: Why Main Street America Should Embrace Globalization, by Daniel Griswold (2009).

Economic Freedom of the World: 2009 Annual Report, by James Gwartney and Robert A. Lawson with Joshua Hall (September, 2009).

"Trade," Chapter 59, Cato Handbook for Policymakers, 7th Edition (2009).

Economic Freedom of the World: 2008 Annual Report, by James Gwartney and Robert A. Lawson with Seth Norton (September, 2008).

[View more Books and Book Chapters]

Cato Studies

"An International Monetary Fund Currency to Rival the Dollar? Why Special Drawing Rights Can't Play That Role," by Swaminathan S. Anklesaria Aiyar, Development Policy Analysis no. 10, July 7, 2009

"Audaciously Hopeful: How President Obama Can Help Restore the Pro-Trade Consensus," by Daniel J. Ikenson and Scott Lincicome, Trade Policy Analysis no. 39, April 28, 2009

"A Protectionism Fling: Why Tariff Hikes and Other Trade Barriers Will Be Short-Lived," by Daniel J. Ikenson, Free Trade Bulletin no. 37, March 12, 2009

"El Salvador: A Central American Tiger?," by Juan Carlos Hidalgo, Development Policy Analysis no. 8, March 9, 2009

""Shipping Jobs Overseas" or Reaching New Customers? Why Congress Should Not Tax Reinvested ...," by Daniel Griswold, Free Trade Bulletin no. 36, January 13, 2009

[View more Cato Studies]

Articles and Newsletters

"Creating Financial Harmony: Lessons for China," by James A. Dorn, Cato Journal, vol. 28 no. 3, Fall 2008.

"An Indian Economic Miracle?," by Deepak Lal, Cato Journal, vol. 28, no. 1, Winter 2008.

"Human Rights, Limited Government, and Capitalism," by Erich Weede, Cato Journal, vol. 28, no. 1, Winter 2008.

"The Columbian Exchange and the Reversal of Fortune," by Thomas Grennes, Cato Journal, vol. 27, no. 1, Winter 2007.

"Economic Freedom and the Advantages of Backwardness," by Erich Weede, Economic Development Bulletin no. 9, January 31, 2007.

"Regulation, Investment and Growth across Countries," by John W. Dawson, Cato Journal, vol. 26, no 3, Fall 2006.

[View more Articles and Newsletters]

Opinion and Commentary

"Free Trade Is a Boon to the Environment," by Sallie James, RealClearMarkets.com, October 8, 2009

"Free Trade Has Enriched the World with More than Diverse Goods," by Daniel Griswold, YaleGlobal Online, October 2, 2009

"Obama's Protectionist Policies Hurting Low-Income Americans," by Daniel Griswold, Washington Times, September 29, 2009

"Crash Course in Global Economics," by Daniel J. Ikenson and Alec van Gelder, Sydney Morning Herald, September 23, 2009

"Main Street Should Embrace Globalization," by Daniel Griswold, San Francisco Examiner, September 9, 2009

[View more Opinion and Commentary]

Events

"Mad about Trade: Why Main Street America Should Embrace Globalization ," November 6, 2009 [Book Forum]

"Restoring the Pro-Trade Consensus," June 15, 2009 [Capitol Hill Briefing]

"Who Are the Real Free Traders in Congress?," June 10, 2009 [Capitol Hill Briefing]

"Money, Markets, and Sovereignty," May 19, 2009 [Book Forum]

"Restoring the Pro-Trade Consensus," April 28, 2009 [Policy Forum]

[View more Events]

Speeches and Congressional Testimony

"Opening the World of Export Opportunity to U.S. Small Businesses," Daniel Griswold, Congressional Testimony, June 19, 2008.

"The Large Stake of U.S. Small Business in an Expanding Global Economy," Daniel Griswold, Congressional Testimony, June 13, 2007.

"The Economic Effects of Significant U.S. Import Restraints," Daniel Griswold, Congressional Testimony, December 4, 2001.

"The Export Import Bank," Ian Vásquez, Congressional Testimony, May 8, 2001.

"America's Misunderstood Trade Deficit," Daniel Griswold, Congressional Testimony, July 22, 1998.

[View more Speeches and Congressional Testimony]




Multimedia

Daily Podcast "Trade, Trade, Please Go Away" featuring Daniel Griswold, November 4, 2009 [Flash Audio, 05:55]

Media Highlight Daniel Griswold discusses trade on CNBC's Street Signs September 29, 2009 [Flash Video, 05:53]

Media Highlight Ian Vásquez discusses the G-20 summit on Al Jazeera's Inside Story September 24, 2009 [Flash Video, 03:08]

Media Highlight Daniel Griswold discusses the WTO on CBS's Defense News September 20, 2009 [Flash Video, 08:07]

Daily Podcast "Obama's Tire Tariff Burns Rubber, Consumers" featuring Daniel J. Ikenson, September 16, 2009 [Flash Audio, 07:17]

[View more Multimedia]