A Globalized Market--Opportunities and Risks for the Poor : Global Poverty Report 2001

The Global Poverty Report considers the effects of globalizing markets on poverty in developing countries. It outlines the channels through which increased trade openness can affect poverty and examines the evidence from four regions: Sub-Saharan A...

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Bibliographic Details
Main Authors:	African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, World Bank
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ABSOLUTE POVERTY ACCESS TO INFORMATION ADVANCED COUNTRIES ADVERSE IMPACT ADVERSE IMPACTS AGRICULTURAL COMMODITIES AGRICULTURAL PRODUCTS AGRICULTURAL SUBSIDIES AGRICULTURE ANTI-POVERTY BUSINESS CLIMATE BUSINESS REGULATIONS CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL GOODS CAPITAL INTENSIVE PRODUCTION CLIENT COUNTRIES COMMODITIES COMMUNICATION TECHNOLOGIES COMMUNICATIONS INFRASTRUCTURE COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMER GOODS CONSUMERS COST OF CAPITAL COUNTRY MARKETS CUSTOMER BASES DEBT DEREGULATION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING COUNTRY MARKETS DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT FINANCE DISTRIBUTION OF INCOME DOMESTIC ECONOMIES DOMESTIC ECONOMY DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIES OF SCALE EDUCATION PROGRAMS EMERGING ECONOMIES EMPLOYMENT OPPORTUNITIES ENTITLEMENTS ENVIRONMENTAL ENVIRONMENTAL ISSUES EXCHANGE RATE EXCHANGE RATE REGIME EXPENDITURES EXPORT GROWTH EXPORTS EXPOSURE EXTERNAL COMPETITIVENESS FACTORS OF PRODUCTION FINANCIAL CRISES FINANCIAL MARKETS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENTS FOREIGN MARKETS FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENT GINI COEFFICIENT GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GLOBAL POVERTY GLOBALIZATION GOOD GOVERNANCE GOVERNMENT BUDGETS GROWTH POTENTIAL GROWTH RATE GROWTH RATES HUMAN CAPITAL HUMAN DEVELOPMENT IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOME POVERTY INFORMAL SAFETY NETS INFORMATION TECHNOLOGY INSURANCE INTELLECTUAL PROPERTY INTERMEDIATE INPUTS INTERNATIONAL CAPITAL INTERNATIONAL COMPETITION INTERNATIONAL ECONOMY INTERNATIONAL FINANCE INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LAND REFORMS LDCS LIVING STANDARDS LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET ACCESS MARKET LIBERALIZATION MARKET SHARE MICROFINANCE NATIONAL ECONOMIES NET EXPORTS NEW MARKETS NUTRITION OIL OPEN ECONOMIES OUTPUT OVERVALUED EXCHANGE RATES PARTICIPATORY PROCESSES PENSION PENSION SYSTEM PER CAPITA INCOME PER CAPITA INCOMES POLICY ENVIRONMENT POLICY MAKERS POLITICAL ECONOMY POOR COUNTRIES POOR HOUSEHOLDS POOR PEOPLE POOR PRODUCERS POSITIVE EFFECTS POVERTY ALLEVIATION POVERTY LEVELS POVERTY PROGRAMS POVERTY REDUCTION POVERTY REDUCTION STRATEGIES PREFERENTIAL ACCESS PRICE CHANGES PRICE DISTORTIONS PRICE SUBSIDIES PRIVATIZATION PRODUCERS PROFIT MARGINS PROTECTIONISM PUBLIC GOOD PUBLIC GOODS PUBLIC WORKS QUALITY STANDARDS QUOTAS RATE OF GROWTH REAL WAGES REFORM PROGRAMS REGIONAL INTEGRATION REGIONAL TRADE REGULATORY ENVIRONMENT REGULATORY FRAMEWORKS REMOTE AREAS RURAL RURAL AREAS RURAL POOR SAFETY NET PROGRAMS SAFETY NETS SKILLED WORKERS SMALL COUNTRIES SMALL ECONOMIES SMALL ECONOMY SOCIAL ASSISTANCE SOCIAL COSTS SOCIAL INSURANCE PROGRAMS SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SAFETY NETS STRUCTURAL CHANGE SUSTAINABLE GROWTH TARGETING TARIFF BARRIERS TAX TAX REFORM TECHNICAL ASSISTANCE TECHNOLOGICAL CHANGE TECHNOLOGICAL CHANGES TECHNOLOGY TRANSFERS TERMS OF TRADE TRADE BARRIERS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRADE REFORMS TRADE TAXES TRADEOFFS TRADING SYSTEM TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPARENCY UNEMPLOYMENT VOLATILITY WAGES WORKING POOR WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2001/07/20162671/globalized-market-opportunities-risks-poor-global-poverty-report-2001 http://hdl.handle.net/10986/20234

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Summary:	The Global Poverty Report considers the effects of globalizing markets on poverty in developing countries. It outlines the channels through which increased trade openness can affect poverty and examines the evidence from four regions: Sub-Saharan Africa, Asia and the Pacific, Eastern Europe and Central Asia, and Latin America and the Caribbean. Written at the request of the G8, the report is the result of a joint effort of the regional development banks, the World Bank, and the International Monetary Fund. Increased openness can affect an economy in various ways, creating opportunities for the poor as well as risks. First, it can affect the prices of goods and services that the poor consume and produce, benefiting those who are net consumers of goods that become cheaper and those who can obtain higher prices for their products on international markets. Second, it can affect the demand for and returns to factors of production that the poor have to offer, such as labor. Third, it can affect government revenue and the resources available for antipoverty programs. Fourth, it can influence the potential for economic growth, which in turn affects poverty. Fifth, the short-term costs of transition, as well as the possible increased volatility of growth stemming from the opening up of markets, may increase the need for social protection mechanisms. Comprehensive trade reform can help reduce poverty when it is part of a set of reforms that improve the domestic macroeconomic and investment climate, enhance infrastructure and technology, and contribute to the provision of knowledge and skills. However, these effects vary significantly across countries, regions, and groups within countries, which makes it difficult to generalize about the effects of trade liberalization on poverty.

A Globalized Market--Opportunities and Risks for the Poor : Global Poverty Report 2001

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