Globalization and its relation to poverty reduction and development is not well understood. The book identifies the ways in which globalization can overcome poverty or make it worse. The book defines the big historical trends, identifies main global flows - trade, finance, aid, migration, and ideas - and examines how each can contribute to undermine economic development.
By considering what helps and what does not, the book presents policy recommendations to make globalization more effective as a vehicle for shared growth and prosperity. It will be of interest to students, researchers and anyone interested in the effects of globalization in today's economy and in international development issues.
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IAN GOLDIN, PH.D., is Director of the James Martin 21st Century School at Oxford University. He was formally Vice President of the World Bank. Previously, he was the Director of Development Policy at the World Bank. Prior to rejoining the Bank in February 2001, Dr. Goldin spent five years as the Chief Executive and Managing Director of the Development Bank of Southern Africa (DBSA). Before this, he worked as a Principal Economist at the European Bank for Reconstruction and Development (EBRD) in London and as Head of the Trade Program at the OECD Development Center in Paris. Dr. Goldin has published 11 books and numerous articles. His research and publications have focused on economic policy, development, and trade. His better known books include: The Economics of Sustainable Development, Open Economies, and Trade Liberalization?Global Economic Implications. KENNETH A. REINERT is currently Associate Professor of Public Policy at George Mason University, where he received a Distinguished Teaching Award in 2003. He has held the positions of Senior International Economist at the U.S. International Trade Commission and Associate Professor of Economics at Kalamazoo College. Professor Reinert has published widely in the areas of international trade, economic development, and environmental policy. He co-edited Applied Methods for Trade Policy Analysis: A Handbook (Cambridge University Press, 1997), authored Windows on the World Economy: An Introduction to International Economics (South-Western Thomson, 2005), and is currently co-editing the Princeton Encyclopedia of the World Economy.Review:
"'This book is essential reading for anyone interested in globalization and development. It provides important new insights and perspectives...and advances the debate by identifying urgently needed policy changes for a more inclusive globalization.' - Joseph Stiglitz, Nobel Prize for Economics, and Professor of Economics, Columbia University 'Globalization may need defense, but it also needs reform... The ways identified, based on fine empirical assessment, certainly deserve our serious attention.' - Amartya Sen, Nobel Prize for Economics, Lamont University Professor and Professor of Economics and Philosophy, Harvard University 'This book cuts through the confusion of many discussions of globalization... It is a first class piece of work and a 'must-read' for those seeking clarity on one of the great issues of our time.' - Sir Nicholas Stern, Head of Government Economic Service, United Kingdom 'This book draws on a wealth of cross-country experience and knowledge... it provides invaluable insight to development practitioners and policy makers alike... it is a vital read for anyone concerned about a fairer sharing of our communal prosperity' - Trevor A. Manuel, Minister of Finance, South Africa 'Ian Goldin's contribution to the debate on global governance and development effectiveness comes from someone who has been at the center of the action for a long time. His collaboration with Ken Reinert is a must for those who are looking for both courageous conceptual design and practical solutions.' - Kemal Dervis, United Nations Development Programme Administrator and former Minister of Finance, Turkey"
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