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519. Has Globalization Failed?

Freakonomics Radio

Economic Globalization Is a Win for Everyone

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Roberts: America didn't get what it wanted fully out of economic globalization or at least not yet. There's been a lot of downside and a lot of pain although a lot of upside certainly as well, she says. The good news is that the rest of the world has benefited at a faster pace than the U.S., Roberts adds. "We find individuals are incredibly sensitive to relative gains but particularly to relative losses"

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