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10-May-2004

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Does Globalization Hurt The Poor?, Int. Econ. & Econ. Policy
 









Abstract: This paper examines analytically and empirically the extent to which
globalization affects the poor in developing countries. I begin with a
description of various channels through which trade openness and financial
integration may have an adverse effect on poverty. I also stress the possible
non-linearities involved (...) seldom recognized in the existing literature. I
then present cross-country regressions that relate measures of real and
financial integration to poverty. The results suggest the existence of an
inverted U-shape relationship between globalization and poverty. At low levels,
globalization appears to hurt the poor; but beyond a certain threshold, it seems
to reduce poverty (...).
Source: Does Globalization Hurt The Poor?[
http://www.springerlink.com/app/home/contribution.asp?wasp=hb5c1xjkln2qvve1ugdh&referrer=parent&backto=issue,6,10;journal,1,1;linkingpublicationresults,1:111059,1
], P.-R. Agénor - pagenorworldbank.org, DOI: 10.1007/s10368-003-0004-3,
International Economics and Economic Policy, Mar. 2004
Contributed by Atin Das - dasatinyahoo.co.in

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