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Globalization, Growth, Inequality and Poverty in Africa: A Macroeconomic Perspective

The last two decades has witnessed an increase in globalizing influences affecting most countries, Africa included. These influences have arisen partly as a result of domestic and international policies, such as trade policies, and partly as a result of general globalizing impulses, such as technological developments and enhanced communications. The single overarching objective of this paper is to outline the macro evidence on the extent to which globalization is taking place and poverty is reducing in Africa, and to consider this to both characteristics of the region (i.e., within the region) and relative to other global regions. It draws on some of the most recent evidence about the globalizing processes in various forms so as to try to determine the speed and extent of globalization in Africa. This helps to put into proper perspective the impact of globalization on poverty and inequality. It is essentially a partial and descriptive approach, at best indicative of associations, and stops short of attempting to identify, empirically, channels of influence and causal relationships.
Publisher:
UNU-WIDER
Series:
WIDER Research Paper
Volume:
2007/55
Title:
Globalization, Growth, Inequality and Poverty in Africa: A Macroeconomic Perspective
Authors:
Jeffery I. Round
Publication date:
September 2007
ISSN Web:
1810-2611
ISBN 13 Print:
9789292300029
Copyright holder:
© UNU-WIDER
Copyright year:
2007
Keywords:
globalization, inequality, poverty, Sub-Saharan Africa
JEL:
O11, O55, I30
Project:
Impact of Globalization on the World's Poor
Sponsor:
UNU-WIDER gratefully acknowledges the financial contribution of the Finnish Ministry of Foreign Affairs to this project.
Format:
online