A careful analysis of the benefits and costs associated
with globalization:
The Payoff to America from Globalization: A
Fresh Look with a Focus on Costs to Workers by Gary Clyde Hufbauer and
Zhiyao (Lucy) Lu
Key Findings:
“This Policy Brief,
drawing on a previously published study by Bradford et al. (2005) (summarized
below), concludes that the payoff to the United States from trade
expansion—stemming from policy liberalization and improved transportation and
communications technology— from 1950 to 2016 is roughly $2.1 trillion (measured
in 2016 dollars). It further concludes that US GDP per capita and GDP per household
accordingly increased by $7,014 and $18,131, respectively (both measured in
2016 dollars). Disproportionate gains probably accrue to poorer households.”
Summary:
https://www.washingtonpost.com/opinions/globalizations-ill-effects-have-been-wildly-exaggerated/2017/05/14/06d12334-3724-11e7-b373-418f6849a004_story.html