|
Home
From The Editor
Allan Meltzer:
Leadership and Progress
Tim O'Neill:
Globalization: Fads, Fictions, and Facts
Douglas Lamdin:
Corporate Bond Yield Spreads in Recent Decades
Christopher Mills
and Eleonora Omarova: Predicting Currency Crises—A Practical
Application for Risk Managers
Ray Fair: Testing
for the New Economy in the 1990s
Stephen G. Cecchetti:
Monetary Policy in a Low Inflation Environment
Robert Eisenbeis,
Daniel Waggoner and Tao Zha: Evaluating Wall Street Journal Survey
Forecasters
Rajeev Dhawan:
Georgia State University’s Economic Forecasting Center
Book Reviews
|
Globalization: Fads,
Fictions and Facts
Fads Are No Substitute For Clear Thinking About Facts
 Tim O'Neill
Tim O’Neill is immediate past
president of NABE. He is executive
vice president and chief
economist at BMO Financial
Group. Previously, he was president
of the Atlantic Provinces
Economic Council, taught in
the Department of Economics at
St. Mary's University in
Halifax, and served as a consultant
to several provincial governments, as well as to
the Canadian federal government. He is currently a
director of the ABC CANADA Literacy Foundation, a
member of the National Statistics Council, and serves on
the Atlantic Innovation Fund Advisory Board. A native
of Sydney, Nova Scotia, he received his BA degree (with
Honours) at St. Francis Xavier University, his MA at the
University of British Columbia, and his Ph.D. at Duke
University.
Globalization—the increased integration of national
economies—has become a blanket term covering a
number of facts and fictions. What are the facts? First,
it can be argued that in important respects the world is
no more globalized than in the 19th century. Second,
economic integration is much more pervasive on a
regional than global basis. Third, poor countries as
well as rich ones beneift from globalization. Fourth,
localization is more pervasive than standard measures
would suggest.
This paper is based on the Presidential address to the National Association
for Business Economics at its annual meeting on September 16, 2003.
Read the article: HTML | PDF |
