Video | Osher Lifelong Learning Institute

Pros and Cons of Globalization
Professor Alan Deardorff
Alan V. Deardorff is John W. Sweetland Professor of International Economics and Professor of Economics and Public Policy at the University of Michigan. He had been on the faculty at the University of Michigan since 1970. He chaired the Department of Economics from 1991 to 1995 and was Associate Dean of the Gerald R. Ford School of Public Policy from 2007 to 2015 

Globalization has dramatically altered both the relations between countries and the functioning within countries as it expanded international trade, investment, and financial flows over the last 70 years. Barriers to these flows today are a small fraction of what they were then, and the flows themselves have produced unprecedented opportunities for many, but costs for others. This presentation will examine those benefits and costs, especially of trade.