Three Important Stories
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Quotes and Pointers
"Before we can make decisions about our future use of oil and gas and related decisions about protecting endangered species, native communities and the health of our planet, we need to know what's out there. With this assessment, we're providing the same information to everyone in the world so that the global community can make those difficult decisions."
Mark Myers
"A key point worth emphasising is that, in the Peterson Institute estimates,policy liberalisation was not the only or even primary driver of the estimated gains. Rapidly falling transportation and communication costs are perhaps more important features of the globalisation story. Work is underway at the Institute to sort out what share of the past gains from globalisation is attributable to policy liberalisation and what share is attributable to technological change. We do not yet have preliminary calculations for the trade barrier side of the story. However, preliminary estimates suggest that, in 2006, approximately 23% of the expansion in US inward and outward foreign direct investment (FDI) stocks, relative to the growth of GDP, resulted from FDI-related policy liberalisation in the period since 1982. By implication, most of the dramatic expansion of FDI in recent decades probably can be traced to enabling technologies that permit best-in-class firms to operate on a world scale."
Gary Clyde Hufbauer Matthew Adler