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Why Globalization Works

Summary:

The book presents a strong defense of economic globalization, arguing that it is a force for good that lifts people out of poverty and drives global prosperity. It addresses common criticisms of globalization, such as inequality and cultural homogenization, and provides evidence to support the benefits of open markets and free trade.

Key points:

1. Free Trade Benefits: Martin Wolf believes free trade boosts growth, efficiency, and choice, while protectionism slows progress and serves special interests. Countries should focus on their strengths for global resource efficiency.

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