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Globalization, growth, and poverty : building an inclusive world economy, Volume 1
 
Country:World; Date Stored:2003/12/11
Document Date:2002/01/31Document Type:Publication
SubTopics:Environmental Economics & Policies; Achieving Shared Growth; Governance Indicators; Economic Theory & Research; Poverty AssessmentISBN:ISBN 0-8213-5048-X
Language:EnglishMajor Sector:(Historic)Economic Policy
Region:The World RegionReport Number:23591
Sub Sectors:(Historic)Macro/non-tradeCollection Title:A World Bank policy research report
Volume No:1  

Summary: 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.

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PDF 36 pagesOverview0.17
PDF 30 pagesChap. 10.78
PDF 32 pagesChap. 20.18
PDF 36 pagesChap. 30.20
PDF 24 pagesChap. 40.13
PDF 15 pagesChap. 50.10
PDF 14 pagesBilbliography0.11

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