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Crunch by Jared Bernstein

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4 The World Ain’t Flat As All That

I’m glad the economy is more global now than ever before. I personally think it’s exciting to contemplate the implications of connectedness— the fact that ideas, people, money, food, books, products, parts, energy, and gazillions of gigabytes of ones and zeros now transverse the globe with unimaginable speed. As a parent of two children adopted from China, I wake up every day in a global household, often much earlier than I’d like. And as an economist, I appreciate the opportunity that globalization affords the less advantaged to improve their living standards, their health, and their personal and societal potential through trade.

OK, that was all heartfelt and true, but I’m done channeling Thomas Friedman. ...

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