Progress toward the goal of lowering the barriers to international trade and investment is currently under threat. Indeed, proponents of a more connected global economy are struggling merely to maintain the status quo.
However, now is precisely the time to focus on the next wave of globalisation, says Professor Andrew Bernard. Despite a substantial reduction of trade and investment barriers, the global economy remains far from integrated. Most economic exchange is at short distances, and there is potential to enormously increase prosperity and welfare.
Summarising his research on the microeconomics of international trade and global value chains, Professor Bernard will outline a vision of the next wave of globalisation. Starting with a simple set of facts about firms in the global economy, he will argue that the greatest barrier to global trade is the difficulty of connecting across borders.
About the speaker
Andrew Bernard is a Professor of Economics, specialising in firm responses to globalisation, at Dartmouth College's Tuck School of Business. In recent work he has documented the emergence of factory-less goods producers in the United States, reevaluated traditional views of deindustrialisation, and explored the dynamics of new exporters and the role of intermediaries in global trade. His current research focuses on the evolution of global and domestic production networks and the consequences for firm performance.
Professor Bernard is currently a visiting Professor of Economics at the London School of Economics. He has been named by Thomson Reuters as one of the Most Highly Cited Researchers every year since 2014, and is among the 100 most cited economists.
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