Globalization, Growth, and Poverty : Building an Inclusive World Economy

Societies and economies around the world are becoming more integrated. Integration is the result of reduced costs of transport, lower trade barriers, faster communication of ideas, rising capital flows, and intensifying pressures for mitigation. In...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank and Oxford University Press 2013
Subjects:	GLOBALIZATION POVERTY REDUCTION STRATEGIES GLOBAL INTEGRATION INTERNATIONAL TRADE TRADE POLICY CAPITAL FLOWS MIGRATION POLICY DOMESTIC POLICIES SOCIAL PROTECTION SYSTEMS CULTURAL ISSUES INTELLECTUAL PROPERTY RIGHTS TERRORISM TIMBER TREES ENVIRONMENTAL AGREEMENTS & TREATIES WORLD TRADE ORGANIZATION RULE OF LAW LABOR COSTS WORKERS REMITTANCES TRADE LIBERALIZATION CULTURAL CONCERNS CULTURAL IDENTITY CULTURAL VALUES STANDARDIZATION SOCIAL POLICY LABOR STANDARDS MARGINALIZATION TRADE POLICY REFORM AID PROGRAMS ABSOLUTE POVERTY ACCOUNTING STANDARDS AGRICULTURE CAPITAL ACCOUNT CAPITAL FLIGHT CAPITAL MARKETS CASE STUDIES CHILD LABOR CITIZENS CIVIL SOCIETY CIVIL WAR CLOSED ECONOMIES COLLECTIVE ACTION COLLEGE EDUCATION COMPARATIVE ADVANTAGE CONSUMERS CONSUMPTION LEVELS CORRUPTION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING WORLD DEVELOPMENT ASSISTANCE DEVELOPMENT RESEARCH DIRECT INVESTMENT ECONOMIC CHANGE ECONOMIC EFFECTS ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC POLICIES EDUCATED WORKERS EDUCATIONAL ATTAINMENT EFFICIENT REGULATION EMISSIONS EMPLOYMENT ENVIRONMENTAL ISSUES ENVIRONMENTAL POLICIES ENVIRONMENTAL PROTECTION EXPORTS FINANCIAL CRISES FINANCIAL SERVICES FOREIGN AID GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL MARKETS GLOBAL STANDARDS GLOBAL TRADE GNP GROWTH RATE GROWTH RATES HOUSEHOLD CONSUMPTION IMPORT TARIFFS IMPORTS INCOME INCOME GROUPS INCOME INEQUALITY INCREASED INEQUALITY INDIVIDUAL COUNTRIES INDUSTRIALIZATION INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL DEVELOPMENT INSURANCE INTERNATIONAL MARKET INVESTMENT CLIMATE LABOR FORCE LABOR MARKET LENDING PRACTICES LIQUIDITY LOCAL CULTURE LONG RUN LOW INFLATION LOW-INCOME COUNTRIES MULTILATERAL TRADE NATIONAL LEVEL NON- FARM EMPLOYMENT NON-INCOME DIMENSIONS OPEN ECONOMIES PER CAPITA GROWTH PER CAPITA INCOME POLICY DEBATES POLICY RESEARCH POLLUTION POOR COUNTRIES POOR PEOPLE POOR POLICIES POVERTY REDUCING POVERTY REDUCTION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PROTECTION POLICIES PROTECTIONISM RAPID GROWTH REDISTRIBUTION POLICIES REDUCING INEQUALITY REDUCING POVERTY RELATIVE WAGE RICH COUNTRIES RURAL AREAS RURAL POOR RURAL POVERTY SERVICE PROVISION SKILLED WORKERS SOCIAL POLICIES SOCIAL PROTECTION SOCIAL SECURITY TARIFF BARRIERS TERMS OF TRADE TIMBER TRADE BARRIERS TRADE OPENNESS TRADE POLICIES TRADE SHOCKS TRANSITION ECONOMIES TRANSPARENCY UNEMPLOYMENT URBAN AREAS WAGES WEALTH WORLD INEQUALITY WTO
Online Access:	http://documents.worldbank.org/curated/en/2002/01/1683370/globalization-growth-poverty-building-inclusive-world-economy http://hdl.handle.net/10986/14051

Description
Summary:	Societies and economies around the world are becoming more integrated. Integration is the result of reduced costs of transport, lower trade barriers, faster communication of ideas, rising capital flows, and intensifying pressures for mitigation. Integration--or "globalization"--has generated anxieties about rising ineuality, shifting power, and cultural uniformity. This report assesses its impact and examines these anxieties. Global integration is already a powerful force for poverty reduction, but it could be even more effective. Some, but not all of the anxieties are well-founded. Both global opportunities and global risks have outpaced global policy. The authors propose an agenda for action, both to enhance the potential of globalization to provide opportunities for poor people and to reduce and mitigate the risks it generates. This report presents three main findings that bear on current policy debates about globalization. First, poor countries with around 3 billion people have broken into the global market for manufactures and services; these "new globalizers" have experienced large-scale poverty reduction. The second finding concerns inclusion both across countries and within them; the authors highlight a range of measures that would help countries in danger of becoming marginalized become integrated with the world economy. A third issue concerns the anxiety that economic integration leads to cultural or institutional homogenization.

Globalization, Growth, and Poverty : Building an Inclusive World Economy

Similar Items