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

by Paul Collier; David Dollar

• ISBN13: 9780195216080
• ISBN10: 0195216083
• Format: Paperback
• Copyright: 2002-01-17
• Publisher: Oxford University Press, USA

Summary

Globalization is a powerful force for poverty reduction as societies and economies around the world are becoming more integrated. Although this international integration presents tremendous opportunities for developing countries, it also has raised concerns about rising inequality, shifting power, and cultural uniformity. This report assesses the impact of globalization and addresses the ensuing anxieties. It proposes an agenda for action aimed at mitigating the risks that globalization potentially generates, while maximizing the opportunities for the poor.

Table of Contents

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