About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

15 U. Fla. J.L. & Pub. Pol'y 91 (2003-2004)
Why Globalization - A Look at Global Capitalism and Its Effects

handle is hein.journals/ufpp15 and id is 99 raw text is: WHY GLOBALIZATION? A LOOK AT GLOBAL CAPITALISM AND ITS EFFECTS Larry J. Obhof I. INTRODUCTION ..................................... 91 II. THE BENEFITS FROM COMPARATIVE ADVANTAGE .......... 94 A. The Folly of Protectionism ......................... 97 B. What Has Globalization Wrought? ................... 98 III. GLOBALIZATION AND [IN]EQUALITY[?], AND OTHER COMPLAINTS ................................ 101 A. Globalization and Income Equality Within Countries .... 102 B. Openness and Between-Country Inequality ............ 105 C. Should We Care about Equality, or is Absolute Growth Sufficient? ............................... 107 D. The Worldwide Convergence of Living Standards ...... 108 E. The [Non]Effects of Global Capitalism on Taxation and Government Spending on Social Insurance ........ 110 IV. THE EXTERNALITIES OF FREEDOM AND WORLD PEACE?... 112 A. The Effect of Globalization of Political and Civil Rights ................................. 113 B. Does Global Capitalism Buy Peace? .............. 116 V. IMPLICATIONS FOR POLICY ........................... 122 VI. CONCLUSION ...................................... 128 I. INTRODUCTION Globalization has become an increasingly salient issue in recent years. Some view the process as not only beneficial, but as both inevitable and * J.D., Yale Law School, 2003; B.A., Ohio University, 2000. The author wishes to thank Professors George Priest and Owen Fiss for their guidance in researching the topic, and would like to thank them and Matthew McHale, Jeanne McHale, and Alexander Nguyen for comments on an earlier draft of the Article.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most