The logic is straightforward: On the one hand, global markets allow countries to export what they do best or what they have in ample supply.
We have strong evidence that globalization has had a positive impact on the GDP of advanced and emerging economies. All of the 42 countries surveyed in our 2018 Globalization report have reaped dividends from their growing integration in the world economy since 1990. The logic is straightforward: On the one hand, global markets allow countries to export what they do best or what they have in ample supply. On the other, they can import what they lack. This specialization increases profits for companies, wages for employees and drives down prices for consumers.