Globalization, Growth, and Poverty: Building an Inclusive World Economy (World Bank Policy Research Report)

Cover Art for 9780821350485, Globalization, Growth, and Poverty: Building an Inclusive World Economy (World Bank Policy Research Report) by Paul Collier
ISBN: 9780821350485
Publisher: World Bank Publications
Published: 1 January, 2002
Format: ePub
Editions:
1 other edition of this product

Globalization - the growing integration of economies and societies around the world, is a complex process. The focus of this research is the impact of economic integration on developing countries and especially the poor people living in these countries. Whether economic integration supports poverty reduction and how it can do so more effectively are key questions asked. The research yields 3 main findings with bearings on current policy debates about globalization. Firstly, poor countries with some 3 billion people have broken into the global market for manufactures and services, and this successful integration has generally supported poverty reduction. Secondly, inclusion both across countries and within them is important as a number of countries (pop. 2 billion) are failing as states, trading less and less, and becoming marginal to the world economy. Thirdly, standardization or homogenization is a concern - will economic integration lead to cultural or institutional homogenization?

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