The Benefits, Costs and Tradeoffs of Globalisation

About the lecture

In this module, we talk about some of the benefits and costs of globalisation. In particular, we will focus on: (i) the gains from trade, including arbitrage opportunities, comparative advantage and specialisation; (ii) the costs of trade, including the distribution of the gains from trade and dynamic comparative advantage; (iii) whether government trade policies address the costs of trade; and (iv) the benefits and costs of immigration and migration.

About the lecturer

Dr Paul Segal is a Reader in Economics of Development at King's College London. He specialises in researching global poverty and inequality, the economics of natural resources, and economic history. He has published widely within these areas, including Who Are the Global Top 1%? and The Economy: Economics for a Changing World. He has also written policy articles for FT.com and has collaborated with Oxfam Mexico to undertake empirical fieldwork in Mexico City, analysing multidimensional inequalities.