Globalization & Development

Globalization & Development


Holly A. Bell, Harrison Searles | Apr 24, 2014
Recent market events like the “flash crash” of 2010, algorithmic failures at Knight Capital, and the release of Michael Lewis’s book Flash Boys (2014)—with his claims that markets are “rigged”—have heightened scrutiny of high-frequency trading (HFT) and increased demands for more aggressive regulation. However, HFT has several empirically demonstrated benefits, and the current, largely qualitative arguments against it call for careful scrutiny of proposed regulations.
Cecil Bohanon | Sep 10, 2012
Both President Obama and Professor Krugman are using very broad historical strokes to make the case that an activist federal government is essential to prosperity. These strokes have an air of plausibility and contain elements of truth. But a closer examination of the actual events of the immediate postwar period provides a picture that is much more nuanced and at odds with the world view that government intervention is the essential ingredient of prosperity. Although the postwar era was indeed inaugurated by a huge contraction in government spending that was made possible by the Allied victory, the end of deficit spending did not send the United States into a deep depression.
David Howden | Jul 24, 2012
The economic collapses of Iceland and Ireland after 2008 are the most severe in the developed world in recent history. This paper assesses five key differences in the causes of and responses to each country’s crisis.
Benjamin J. VanMetre, Joshua C. Hall, Richard K. Vedder | Jan 2012
This article argues a new approach to immigration in that visas should not be allocated based on arbitrary political criteria but instead through the price system.
Donald J. Boudreaux | Oct 07, 2011
In this journal article published by Economic Affairs, Don Boudreaux examines whether protectionism is justified if foreign governments are subsidizing export industries.
John Nye | Jun 21, 2011
This essay uses the Philippines as a case study to suggest what is wrong with leading development prescriptions.

Research Summaries & Toolkits

Speeches & Presentations

Expert Commentary

Jul 13, 2016

The future course of globalization is likely to be charted by populations that can be both global and national, and in this regard the Brits, by choosing memory over materialism, may continue to be trendsetters.
Jul 12, 2016

The effect of the overtime-pay mandate on these workers will be to raise employers' costs of employing them. With the cost of employing these workers forced higher by the government, some of these workers will simply lose their jobs.
Jul 04, 2016

When America's Founding Fathers declared their independence more than two centuries ago, they not only claimed freedom for themselves and their fellow countrymen but they also claimed it for those who had yet to arrive at our shores --the waves of future immigrants and their descendants.
By Bob Ewing |
May 04, 2016

The Mercatus Center at George Mason University is pleased to welcome Daniel Griswold as a Senior Research Fellow and co-director of a new Program on the American Economy and Globalization.
Apr 26, 2016

Even if we grant that Beijing subsidizes Chinese steel unfairly, there are no grounds for Uncle Sam to respond by protecting American producers at the expense of American consumers.
Mar 11, 2016

Given that the European integration project has been operating as a de facto template for what the Gulf Cooperation Council countries are undertaking, it serves their interests to monitor developments with an eye to drawing lessons on how to avoid the EU’s mistakes.


The Ex-Im Bank’s facade of boosting exports and creating jobs is not well supported by its own data. The actual effect of the bank’s activity is the creation of perverse incentives, moral hazards, and inefficient outcomes that has become a fund for corporate welfare. It is worth questioning whether the United States, with mounting debt problems and the possible expiration of the Ex-Im Bank’s reauthorization, needs yet another agency to subsidize companies with taxpayers picking up the tab.


Paul Dragos Aligica is a senior research fellow and senior fellow at the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.
Donald J. Boudreaux is a senior fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, a Mercatus Center Board Member, and a professor of economics and former economics-department chair at George Mason University. He holds the Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center. He specializes in globalization and trade, law and economics, and antitrust economics.
Karol Boudreaux is an affiliated senior research fellow at the Mercatus Center. Her primary research interests are the institutional analysis of property rights, land tenure, natural resource management, and international development.
Tyler Cowen is Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University. With colleague Alex Tabarrok, Cowen is coauthor of the popular economics blog Marginal Revolution and cofounder of the online educational platform Marginal Revolution University.
Christopher Coyne is associate director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics and F. A. Harper Professor of Economics at the Mercatus Center at George Mason University. He is also a professor of economics and director of graduate studies in the economics department at George Mason University. He specializes in Austrian economics, economic development, emerging democracies, postwar and disaster reconstruction, political economy, and social change.


Donald J. Boudreaux | May 24, 2016
Donald Boudreaux talks about the economic effect of building walls between countries.

Recent Events

The Mercatus Center at George Mason University invites you to join Dr. Bruce Yandle, distinguished Mercatus Center adjunct professor of economics at George Mason University, for a Capitol Hill Campus presentation on the state of the domestic and global economy.


Virgil Storr, Stefanie Haeffele-Balch, Laura Grube | Oct 2015
Rebounding after disasters like tsunamis, hurricanes, earthquakes, and floods can be daunting. Communities must have residents who can not only gain access to the resources that they need to rebuild but can overcome the collective action problem that characterizes post-disaster relief efforts.

Media Clippings

Todd Zywicki | Jul 24, 2013
The commission’s “decision today is an unqualified disaster for consumers,” said Todd J. Zywicki, a professor at George Mason University School of Law.
Donald J. Boudreaux | Jul 16, 2013
Don Boudreaux hits one out of the park here. It’s one of those arguments that you or I haven’t come up with ourselves but which make immediate sense once explained. Don’s point, the one he wants to highlight, is that in a world of homogenous labour then perhaps that inimum wage isn’t quite so bad.
Christopher Coyne | Jun 10, 2013
As summarized in this Cato Daily Podcast, Coyne argues that even though coercive and non-coercive forms of state-led humanitarian action can alleviate short-term human suffering, it cannot replicate individual instances of success systematically.
Christopher Coyne | Jun 06, 2013
Humanitarian action, whether short-term aid after a crisis or long-term development assistance, is generally approached as a technical challenge. Economist Chris Coyne challenges this engineering mentality in his new book Doing Bad By Doing Good: Why Humanitarian Action Fails.
Jack Goldstone | Sep 06, 2012
Jack Goldstone quoted discussing the Eurozone.
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