Globalization, which is not a new phenomenon, may be defined as the increasing interaction among, and integration of, the activities—especially economic activities—of human societies around the world.

But while globalization — described by Peterson Institute for International Economics as the "growing interdependence of the world's economies, cultures, and populations," can have positive ...

The following paper draws on material originally contained in IMF Working Paper 97/43, "The Effect of Globalization on Wages in the Advanced Economies, " by Matthew J. Slaughter, Assistant Professor ...