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.
Table of contents
'[This book] is a serious attempt to better understand the major links [of poverty] and to actually document some of the main transmission mechanisms … [and] does a good job in bounding the analysis to factors related to “the opening of trade and capital movements, the international migration of labour, and the transfer of technology and information across borders”. Overall, … it has a good balance of topics and analysis. This book has raised a number of important lessons on transmission mechanisms that … will surely lead to a more concrete meaning of complementary policies and to a more fruitful use of the pro-poor prospect of increased globalization. … One can hope that all the good research in this work will help policymakers effectively eradicate poverty, once and for all (and for good).' - Guido Porto, World Bank, Journal of Economic Literature, vol. XLVI (March 2008): 179–182