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Book Description
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.
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Societies and economies around the world are becoming more integrated. Integration is the result of reduced costs of transport, lower trade barriers, faster communication of ideas, rising capital flows, and intensifying pressures for mitigation. Integration--or " globalization " --has generated anxieties about rising ineuality, shifting power, and cultural uniformity. This report assesses its impact and examines these anxieties. Global integration is already a powerful force for poverty reduction, but it could be even more effective. Some, but not all of the anxieties are well-founded. Both global opportunities and global risks have outpaced global policy. The authors propose an agenda for action, both to enhance the potential of globalization to provide opportunities for poor people and to reduce and mitigate the risks it generates. This report presents three main findings that bear on current policy debates about globalization. First, poor countries with around 3 billion people have broken into the global market for manufactures and services; these " new globalizers " have experienced large-scale poverty reduction. The second finding concerns inclusion both across countries and within them; the authors highlight a range of measures that would help countries in danger of becoming marginalized become integrated with the world economy. A third issue concerns the anxiety that economic integration leads to cultural or institutional homogenization.
--This text refers to the
Digital
edition.
Globalization, Growth, and Poverty: Building an Inclusive World Economy (World Bank Policy Research Report),World Bank,Paul Collier,David Dollar,World Bank Publications,082135048X,Business & Economics,Business / Economics / Finance,Business/Economics,Developing countries,Development - Economic Development,Economic conditions,Economic development,Economic policy,General,Poor,Poverty
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