In my remarks today I will briefly review some past episodes of global economic integration, identify some common themes, and then put forward some ways in which I see the current episode as similar to and different from the past. In doing so, I hope to provide some background and context for the important discussions that we will be having over the next few days.

NYT coverage here.

"Even if these favorable trends continue, there are massive budget problems that most of the developed world is going to face as its populations age," Mr. Rogoff cautioned.

Check out Gladwell's latest for more on that.

Global Economic Integration: What's New and What's Not? | FRB: Bernanke