Number: RL30891 Title: Global Markets: Evaluating Some Risks the U.S. May Face Authors: Craig K. Elwell, Government and Finance Division Abstract: This report examines three prominent concerns about globalization and U.S. economic performance: one, the effect of trade on worker wages, particularly those of less-skilled workers; two, the question of trade and fairness, namely trade with countries that have much lower worker and environmental standards; and three, the expanding cross-border trade in assets and the risk of financial and economic instability. Pages: 16 Date: Updated February 5, 2003