We study the determinants of stock market development and the growing migration of capital raising, listing, and trading activity to international exchanges. Economies with higher income per capita, sounder macro policies, more efficient legal...
This paper examines the nature and extent of global and regional income distribution and inequality using the most recent country level data on income distribution drawn from World Bank and UNU-WIDER studies for the period 1993-2000. The methodology...
Lorraine Telfer-Taivainen The Central European University (CEU) in Budapest, Hungary, was the venue for the launch on 16 June 2012 of the just...
‘Globalization’ implies change, and uncertainty over future change may affect household welfare. We use data on Lorenz curves over the last fifty years for a sample of 53 (mostly developing) countries. Treating each country-quintile-year as an...
The paper focuses on the non-linearity of the transmission of the impact of globalization on poverty and the existence of threshold effects. Institutions constitute a critical factor for the creation of threshold effects in the impact of...
An important channel through which globalization affects poverty is introducing new technologies to developing countries. Adoption of new technologies can be hindered by uncertainties about their efficiency. This paper studies the role of information...
The impact of globalization on poverty is a matter of keen debate but empirical work in this area has been dominated by cross-country regressions. This paper attempts to link the more macro impacts of globalization, particularly as manifested through...
This paper introduces two composite indices of globalization. The first is based on the Kearney/Foreign Policy magazine and the second is obtained from principal component analysis. They indicate the level of globalization and show how globalization...
The impact of globalization on global and local inequality is hotly debated in the recent literature. This study considers the separate issue of the impact of globalization on poverty through quantifying explicitly the responsiveness of poverty to...
This paper uses trade theory to examine the effects of trade liberalization on countries that do not participate in it. These include both countries that fail to participate in multilateral trade negotiations, and also countries that lie outside of...
The literature on the economics of happiness in the developed economies finds discrepancies between reported measures of wellbeing and income measures. The ‘Easterlin paradox’, for example, shows that average happiness levels do not increase as...
The paper studies the relation between globalization, inequality and marginalization, within and across nations. It reviews the existing evidence on globalization and global inequality and argues, using a simple theoretical model, that the two are...
China’s recent accession to the WTO is expected to accelerate its integration into the world economy, which aggravates concerns over the impact of globalization on the already rising inter-regional income inequality in China. This paper discusses...
Vietnam has been among the most successful East Asian economies, especially in weathering the external shocks of recent globalization crises—the 1997-98 Asian financial crisis and the 2008-09 great recession, financial crisis and collapse of global...
Foreign direct investment (FDI) has increased dramatically in recent years. However, the distribution of FDI is highly unequal and very poor countries face major difficulties in attracting foreign investors. This paper investigates the determinants...
Trade liberalization, by aligning domestic prices with world prices, is envisaged to bring welfare gains to a country. In the case of Indian agriculture, owing to the vastness and diversity of the sector, the impact is likely to be profoundly unequal...
The objective of the paper is to understand the transforming relationship between the formal and informal sector in a liberalizing open developing economy. There are various facets in this relationship, and we focus on three essential aspects. First...
Part of Journal Special Issue Climate Change and the Zambezi River Valley
In this paper we present two composite indices of globalization. The first is based on the Kearney/Foreign Policy magazine and the second is obtained from principal component analysis. They indicate which countries have become most globalized and...
China’s recent accession to the WTO is expected to accelerate its integration into the world economy, which aggravates concerns over the impact of globalization on the already rising inter-region income inequality in China. This paper discusses China...
The paper offers a critical literature review of the debate surrounding the globalization-poverty nexus, focusing on channels and linkages through which globalization affects the poor. After introducing four different concepts used to measure trends...
The paper considers the political obstacles and supports for additional development finance and a number of possible devices through which advantage may be taken of the supports and the obstacles circumvented. It emphasizes the need for effective...
In this paper we provide an analytical account of the mechanisms through which globalization, in the sense of increased foreign trade and long-term capital flows, affects the lives of the rural poor in developing countries (in their capacity as...
There has been much debate about how much poor people in developing countries gain from trade openness, as one aspect of ‘globalization’. The paper views the issue through both ‘macro’ and ‘micro’ empirical lenses. The macro lens uses cross-country...
Livelihoods of the rural poor in developing countries are critically dependent on the health of the local ecosystems. In this paper we examine the various mechanisms through which globalization can lead to ecosystem degradation, and consequently...
There is a dearth of evidence on the evolution of occupational health in the developing world and on the extent to which it has been influenced by (1) the pattern of structural transformation in these economies and (2) integration with global markets...
The focus of this paper is the effect of contemporary globalization on poverty and inequality in cities of the ‘global south’. Specifically it addresses the impact of globalization on marginalized communities—slums, squatter settlements and...
With several violent conflicts around the world weighing heavily on our minds, we attended the 27th WIDER Annual Lecture. Dr. Pinelopi Goldberg’s...
Globalization offers new opportunities for accelerating development and poverty reduction, but also poses new challenges for policymakers. And there is much concern about the distribution of benefits; in particular whether the poor gain from...
This issue analyses the impact of globalization on Africa and present an overview of the six Africa case studies.
Alice Amsden, Alisa DiCaprio, and James Robinson To understand what role elites play in the process of economic development, we need to establish...
Peter Burnell The UN Doha Follow-up International Conference on Financing for Development, held late in 2008, reminds us of how far foreign aid has...
The UNU-WIDER project on 'Spatial Disparities in Human Development' has collected and analyzed evidence on the extent of spatial inequalities within developing countries. The studies find that spatial inequalities are high, with disparities between...
Globalization offers new opportunities for accelerating development and poverty reduction, but also poses new challenges for policymakers. And there is much concern about the distribution of benefits; in particular whether the poor gain from...
This policy brief reports the main findings of the study on changes in within-country income inequality over the last two decades and on the links between poverty, inequality, and growth. It focuses on inequality at the national level, i.e. the...
Despite the enormous potential of globalization in accelerating economic growth through greater integration into the world economy the impact of globalization on poverty reduction has been uneven. Asia has been the major beneficiary of globalization...
While the economic opportunities offered by globalization can be large, a question is often raised as to whether the actual distribution of gains is fair, in particular, whether the poor benefit less than proportionately from globalization and could...
The policy advice given by economists in international institutions is influenced by their prior academic work. In my case, applied general equilibrium work resulted both in a belief in the necessity of decentralized markets and in a distrust of...
To continue its economic growth and create new and better livelihoods, Africa must transform the productive side of its economy. Ongoing globalization—in trade, finance, and technology—opens up new possibilities for structural transformation, but...
Recent mainstream analyses of changes in income distribution over the post World War II period have concluded that income inequality within countries tends to be stable, that there is no strong association between growth and inequality and that...
This study is premised on the view that reports circulating in the 1990s, claiming foreign aid was in terminal crisis, were premature. Aid’s reviving fortunes are explained in terms both of a growing awareness of the uneven implications of...
As seen from the year 2001, economic policy in developing and post-socialist economies during the preceding 10-15 years had one dominating theme - external 'liberalization' or the drastic lowering or removal of long-standing barriers to almost all...
Much of the vast literature on changes in income distribution in advanced countries during the last two decades attributes these either to globalization (specifically in the form of trade liberalization with low-wage developing countries), or to...
This study attempts to investigate and assess the impact of financial liberalization and the ongoing rise of financial rents on income distribution in the post-1980 Turkish economy. Our quantitative investigation of the dynamics of macroeconomic...
This paper examines whether protectionist tendencies, in terms of both policy preferences and policy actions, in 'Northern' countries-looking in particular at the United States - seem to be an obstacle to the integration into the world economy of...
This paper sketches a profile of international labour migration over the past fifty years and draws a distinction between different categories of labour flows in the contemporary world economy. It examines the underlying factors with an emphasis on...
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