The trouble is that, in a globalised economy, policies aimed at fleecing companies will fail to spread the rewards more widely.
All Europeans live in a globalised economy and benefit from free trade.
Yet despite its obvious benefits, the globalised economy is under threat.
The study's salient conclusions include the need for openness, for an improvement in environmental management, and a better quality of governance in an increasingly globalised economy.
The good news is that social-protection rules are as feasible, and in the end no more costly, in a globalised economy than they are in a closed economy.
Unlike left-wing Democrats, he accepts that the globalised economy and technological change are not merely inevitable but positive, for they offer new ways for Americans to get richer.
Small industries that rely mainly upon other major industries must take risks and try to become less dependent if they are to progress and face challenges in the globalised economy, Ms Suriyage believes.
Today's India boasts a thriving, entrepreneurial and globalised economy, with a dynamic and creative business culture, dealing with the world on its own terms and pulling over 10 million people a year above the poverty line.
In an increasingly globalised world economy, the UK will not survive unscathed from the US slowdown, City analysts say.
They believe that, given the demands of a globalised, Internet-speed economy, container ships might soon be whizzing like speedboats.
And there are direct economic consequences of high and low performing education systems, the study says, particularly in a globalised, skill-based economy.
This basic logic is the same whether the economy is closed, partially open or globalised.
The authors correctly point out that it is difficult to blame declining trade unionism and a diminished public appetite for welfare on the pressures, real or imagined, of globalisation: America is, after all, far less globalised (in terms of the share of its economy accounted for by trade) than many European economies with broader state welfare.
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