Poverty and Inequality in the Years of Globalisation
AbstractThe last two-three decades have been characterised by a determined return to economic integration and neo-laissez faire policies, but at the same time poverty and inequality have remained high or have increased. Prospects are not encouraging for many reasons, especially the inadequacy of institutions. In particular, we perceive the need for strengthening and adjusting the welfare state. Analysing the connections between globalisation and growth in the developing countries, distinction must be made between commercial and financial integration. In both cases, however, the liberalization of emerging countries must be gradual and closely dependent on their effective capacity to address market distortions and to limit social costs. Globalisation requires the strengthening of international cooperation institutions. This, however, in turn depends on prior reform of their decision-making mechanisms to enable such institutions to serve effectively the real interests of the international community.
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Bibliographic InfoArticle provided by Associazione Rossi Doria in its journal QA.
Volume (Year): (2004)
Issue (Month): 2 (May)
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More information through EDIRC
Globalization; Growth; Poverty; Inequality; Welfare State; Government Role; International Economic Institutions;
Find related papers by JEL classification:
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
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