effects of globalization
Filed in archive Politics by tj on August 30, 2003
I have another favorite topic: globalization. There is an interesting new paper from Stanley Fischer. The paper gives a very good overview about global economic developments in the last decade
and future challenges of globalization (p. 29.) It focuses on several key issues:
and future challenges of globalization (p. 29.) It focuses on several key issues:- Whether poverty and inequality are increasing or decreasing;
- Whether integration into the global economy is good for growth;
- Whether the international financial system is too crisis prone, and capital flows need to be banned or regulated;
- The unfairness of the global trading system, and the inadequacy of aid flows;
"Poverty rates have been declining, especially in Asia. So very likely has the absolute number of those living at below one dollar a day."Especially India and China have found a way to nurture a comparative advantage of parts of their economies and raise the level of living for many residents. The phenomenon of a middle class has finally started to grow substantially.
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globalization entrepreneurship 2003 technology effects+globalization venture+capital hedge+funds
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