This volume presents a broad sweep of modern economic history underpinning aid, trade, development and globalization in the last half century and the salient challenges facing the global community today. The author draws on his long years as an academic and development practitioner to recommend what needs to be done to cope with the backsliding of the fight against global poverty, fractured geopolitics and the threats to the multilateral economic order. The new, revised edition analyses how unilateralism, rising protectionism and the Covid-19 pandemic seriously threaten global sustainable development. It concludes with recommendations on the policy changes needed to make globalization more equitable and development more sustainable. This book will be of interest to researchers and students of economic development and economic history, as well as all those concerned about global inequality and sustainability.

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Constantine Michalopoulos has worked on and written about economic development for more than half a century. Between 1982-2001 he was a senior official at the World Bank. Before that he was Chief Economist of the US Agency for International Development. Between 1997-1999, he served as Special Advisor at the WTO. Following his retirement from the World Bank he served as a development advisor to governments and international organizations including the IMF, UNCTAD, the EU Commission, GTZ and the UK DFID on international trade, finance, and development. Most recently he was appointed Senior Advisor at the Hellenic Foundation for European and Foreign Policy, in Athens, Greece. He has also taught economics at several US universities, and is the author of several books and over 100 articles and monographs. Dr. Michalopoulos is a graduate of Athens College and holds a PhD in economics from Columbia University in New York City, USA.

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