Globalization, the domestic transition to a services economy, and the emergence of new labor across the globe has led to unprecedented global economic growth. This transition came at a cost, however, leaving many out of this prosperity with stagnating median wages and fewer job opportunities. Some economists argue these painful transition costs will be naturally repaired over time as the prosperity brought about by global markets leads to new opportunities. Other​ scholars and political leaders​ argue for protectionism; an attempt to reverse course by barricading America from global markets through policy "walls" such as tariffs.Is there a way to secure a brighter future for those left behind in the global economy without forsaking the benefits?  

Columbia University's Russell L. Carson professor of finance and economics, Glenn Hubbard, in his recent book the Wall and the Bridge, argues that the United States can make gains from a globalized economy while building bridges to include more citizens in this prosperity at home. Adam Smith Society Young Leaders hosted Professor Hubbard for a conversation on November 1 at 6:30 p.m. in New York City to address these timely questions.   

This event was open to Young Leader supporters of the Adam Smith Society. Learn more or contact adamsmith@manhattan-institute.org.