Introduction: Just How Global Are We?
Chapter 1. It May Be News, But It Isn't New: A Brief History of Globalization
Which Services Remain Rooted?
Chapter 2. Countries Control Their Fates: How Little Globalization Explains
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
Chapter 3. 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 from ...
But Will the Future Be Different?
Chapter 4. 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
Chapter 5. International Finance in a Global World: Home Field Advantage
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
Chapter 6. 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
