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| Acknowledgments | |
| Introduction: Just How Global Are We? | |
| It May Be News, But It Isn't New: A Brief History of Globalization | |
| Tradable Goods | |
| From Goods to Services | |
| Which Services Remain Rooted? | |
| Why So Newsworthy? | |
| Countries Control Their Fates: How Little Globalization Explains | |
| Who Calls the Shots? | |
| An Inadvertent Experiment | |
| The Uneven Course of Manufacturing | |
| The Recipe for Productivity Growth | |
| Importance of Incremental Improvements | |
| Tell Me Again: Why Is China Rising? | |
| Episodic Improvements and Retreats | |
| Widely Shared Diversions | |
| What About Free Trade? | |
| Keep It Local | |
| Employment Trends for Globalization 3.0: Are All the Good Jobs Going Away? | |
| Recent History as a Guide | |
| Recent Patterns of Employment and Unemployment in the United States | |
| The Changing Nature of Work | |
| The Meaning Is in the Details | |
| That Giant Sucking Sound Is Coming Fromà | |
| But Will the Future Be Different? | |
| What About Wages? | |
| Can We Make Any Money?: What Globalization Does to Profits | |
| Companies Under Globalization 3.0 | |
| Why Some Companies Are Profitable | |
| Profits in Competitive Markets: Low Before Globalization, and Low After | |
| Profits in Protected Markets: Do They Survive? | |
| How to Keep Competitors Out | |
| The Special Role of Economies of Scale Advantages | |
| Competitive Advantages in a Global World | |
| The Future of Profitability | |
| International Finance in a Global World: Home Field Advantage | |
| Flow of Funds | |
| Foreign Direct Investment: Not Where the Action Is | |
| Financial Markets and Portfolio Investment: Not Here, Either | |
| Institutions as Investors: These Do Matter | |
| Safer at Home: Financial Markets and the Limits of Globalization | |
| Global Capital Markets and Economic Development: More Headlines Than Production Lines | |
| A Genuine Global Economic Problem: Replacing the Consumer of Last Resort | |
| The Link between Reserve Currencies and Global Financial Stability | |
| Chronic Surplus Countries and Monetary Mercantilism | |
| The Global Financial System and Global Economic Stability | |
| The Situation of the United States | |
| A Modest Proposal for a New Reserve Currency | |
| Conclusion: Beyond Economics | |
| Globalization and Everything Else | |
| One Last Question | |
| Notes | |
| About the authors | |
| Index | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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