Measuring Globalization: The Experience of the United States of America

As the term is usually employed, "globalization" implies that not only has consumption been internationalized through cross-border trade in goods and services, but production also has been internationalized through foreign direct investment.1 In discussions relating to statistical indicators of globalization, it is commonly taken for granted that data on cross-border trade will be available, and so the attention is focused on information relating to the operations of direct investment enterprises, or affiliates… more »