Part Three

The Choices

Chapter Twelve

Toward World 3.0

SO FAR WE'VE EXPLORED the potential gains from further globalization, and we've also spent seven chapters taking an extended look at globalization's suspected or supposed problems. None of these problems turned out to be a show-stopper, and some even revealed themselves as blessings in disguise. Nevertheless, the sheer number of pages I've spent on market failures and globalization might suggest a belief on my part that the problems outweigh the potential. Nothing could be further from the truth.

One way I can stake out my position more clearly is in relation to the thought of John Maynard Keynes. Writing after the onset of the Great Depression, Keynes offered a concise, useful appraisal ...

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