The Impact of Globalization on the World's Poor
Globalization and poverty epitomize two of the most pressing issues in international development today. While the process of globalization possesses an enormous potential capacity to accelerate economic growth and development, the depth of poverty found in many parts of the developing world is still unacceptably high. Pro-globalization proponents see the globalization process is turning into a destructive tsunami that wrecks the already low standard of living of vulnerable households. Despite the worldwide passionate debate about the impact of globalization on the world's poor, there are very few studies which have systematically examined the various transmission mechanisms through which globalization ultimately affects the poor within different specific contents. This volume contains chapters by leading development economists analysing critically and rigorously how different manifestations of globalization tend to influence poverty in the developing world.