The impact of globalization is felt first and foremost in economic life. The globalization of the economy refers to the increasing integration and interdependence of all realms of economic life, including trade, finance, production, and consumption. Debates about economic globalization include whether integration has helped or hindered the plight of poor people around the globe; whether jobs lost to 'outsourcing' really contribute to the health of an economy by lowering end-users' costs; whether business and accounting practices and principles (so-called 'corporate governance' issues) developed in one social context can be transferred and utilized productively across national boundaries; and whether government policies should promote foreign direct investment in every sector of the economy or whether some sectors should be protected for the benefit of domestic companies. The following articles have been assembled to shed light on these and other related issues.

Is Larry Summers the Canary in the Mine? Devesh Kapur and Pratap Mehta and Arvind Subramanian The Financial Times, 14 May 2008 After having promoted free movement of capital and goods, the US finds itself on the losing end and wants to change rules

A Strategy to Promote Healthy Globalization Lawrence Summers The Financial Times, 14 May 2008 Global integration should not be an excuse for abandoning workplace standards or labor rights

Superclass and the Inequity of Globalization David Rothkopf YaleGlobal, 14 May 2008 To ensure world stability, a private sector–dominated superclass driving globalization needs reining in

In Hungry World, Japan's Farmers Are Stuck With High-Priced Rice Blaine Harden The Washington Post, 13 May 2008 Rice crop waits in warehouses due to subsidies combined with declining domestic demand

Food for Thought Nayan Chanda Businessworld, 8 May 2008 Misguided environmental choice, while being of little use, will hit poor farmers in developing countries

Global Consumer Gives Small Companies a Big Reach Samuel Palmisano The Financial Times, 7 May 2008 Nimble global entrepreneurs rely on innovation rather than big company networks

The Threat of Global Food Shortages – Part I C. Peter Timmer YaleGlobal, 5 May 2008 Hoarding by countries and speculative bidding on food exacerbate scarcity and cause prices to climb

Hurrah! Oil Profits Are Up Carl Mortished The London Times, 2 May 2008 Oil industry shoots itself in the foot with rising prices and profits

Debt Collection Done From India Appeals to US Agencies Heather Timmons The New York Times, 2 May 2008 Polite calls and specific advice convince debtors to pay their bills

The Russians Are Coming: Moscow Investors Go on Shopping Spree for German Companies Alexander Jung and Matthias Schepp and Benjamin Triebe Spiegel Online, 1 May 2008 Countries with hefty supplies of energy products are snapping up businesses in the West

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