Globalization, Growth, and Poverty: Building an Inclusive World Economy

Overview

Globalization is already a powerful force for poverty reduction as societies and economies around the world are becoming more integrated. Although this international integration presents considerable opportunities for developing countries, it also contains significant risks. Associated with international integration are concerns about increasing inequality, shifting power, and cultural uniformity.

'Globalization, Growth, and Poverty' focuses on globalization in terms of growing economic integration resulting from...

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Overview

Globalization is already a powerful force for poverty reduction as societies and economies around the world are becoming more integrated. Although this international integration presents considerable opportunities for developing countries, it also contains significant risks. Associated with international integration are concerns about increasing inequality, shifting power, and cultural uniformity.

'Globalization, Growth, and Poverty' focuses on globalization in terms of growing economic integration resulting from the increased flow of goods and services, people, capital, and information. The report is primarily concerned with the effect that this growing integration has on economic growth and poverty reduction. It assesses the impact of globalization and addresses the ensuing anxieties. By focusing on specific policy recommendations, this report proposes an agenda for action aimed at minimizing the risks that globalization potentially generates, while maximizing the opportunities for the poor.

A copublication of the World Bank and Oxford University Press.

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Product Details

  • ISBN-13: 9780821350485
  • Publisher: World Bank Publications
  • Publication date: 12/1/2001
  • Series: Policy Research Reports
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 188
  • Product dimensions: 7.54 (w) x 9.24 (h) x 0.39 (d)

Table of Contents

Foreword
The Report Team
Overview 1
1 The New Wave of Globalization and Its Economic Effects 23
Previous waves of globalization and reversals 24
The new wave of globalization 31
2 Improving the International Architecture for Integration 53
Trade policy 55
Policies for capital flows to developing countries 66
Policies toward migration 76
Summary and recommendations 82
3 Strengthening Domestic Institutions and Policies 85
Open economies have more competition and firm turnover 87
The investment climate affects the benefits of openness 95
Integration with the world economy affects employment and wages 104
Social protection in globalizing economies 112
Summary and recommendations 119
4 Power, Culture, and the Environment 121
Globalization and power 121
Globalization and culture 128
Globalization and the environment 130
Summary of recommendations 142
5 An Agenda for Action 145
Anxieties and their foundation 146
Building an inclusive world economy: An agenda for action 155
References 161
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