For both soaring Silicon Valley and slumping Central New York, and for firms both large and small, global integration usually has a very positive impact. In this study, Howard Lewis and J. David Richardson explore new gains from deep international integration, some of which were featured in two earlier Institute studies of the under-appreciated benefits of deep export dependence (*). Why Global Integration Matters Most! updates the export studies and explores the evidence for a more radical idea. A growing body of research literature demonstrates that globally engaged firms and their workers enjoy numerous performance benefits over local counterparts that are identical with respect to size, industry, and location. Conscious decisions to export, import, invest abroad, or partner with foreign investors or technology seem to be a catalyst for added benefits, especially rapid and stable job growth. Over time, globally engaged firms rejuvenate whole industries as their market share...

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