The consequences of globalization for the world's poor are uncertain and fierce rhetoric is dividing its supporters and detractors.
The channels of effect of essentially macroeconomic shocks on the microeconomic position of individuals and households in poor countries are many and various. This book addresses three core issues: 1) what are the main channels of effect? 2) what are the lessons to be learned from policy measures to alleviate negative poverty consequences? and 3) do the proposed analytical approaches assist in providing a monitoring capability?
This volume assesses the more easily quantifiable effects resulting from price and quantity responses in the goods and labour markets. It includes studies of Colombia, Ghana, India, Nepal, Bangladesh and Vietnam. It uses key analytical approaches, most of which are based on numerical simulation methods employing models with different levels of complexity. These models capture the features of an economy, how it functions, and how it might respond to globalization shocks. The most important collective contribution of the authors is their establishment of directions and magnitudes of effect, based on empirical evidence.
Table of Contents
Foreword Introduction 1. The Impact of Structural Reforms on Poverty: a Simple Methodology with Extensions 2. Trade Liberalisation and Poverty Dynamics in Vietnam 3. Globalisation and Poverty: Implications of South Asian Experience for the Wider Debate 4. Globalisation in Developing Countries: The Role of Transaction Costs in Explaining Economic Performance in India 5. Globalisation-Poverty Interactions in Bangladesh 6. Poverty and Policy in a Globalising Economy: the Case of Ghana 7. Trade Liberalisation and Poverty in Nepal: Computable General Equilibrium Micro Simulation Analysis 8. Globalisation and Poverty Changes in Colombia
Maurizio Bussolo is a Senior Economist at the World Bank and formerly of the OECD Development Centre, Paris. Jeffery Round is a Reader in the Department of Economics, University of Warwick.