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Imagine There's No Country: Poverty, Inequality, and Growth in the Era of Globalization

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  • Surjit Bhalla
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    Abstract

    A new era of globalization, which began in the 1980s, brought about a significant decline in costs of transportation, communication, and production; considerably improved intercountry competitiveness; and broke down trade and cultural barriers among countries. The concept of a sovereign nation has been increasingly questioned in recent years. Some, indeed, have imagined a world without boundaries, without countries. Others who doubt the benefits of globalization have called for increased protectionism and greater regulation of economic activity.Has globalization made the world grow faster? Has poverty declined at a faster pace during globalization? If yes, why? If not, is it because the growth rate was lower, or because inequality worsened, or both? Who gained from globalization? Was it the elite in both the developed and developing world? What about the middle class? Who are they? How did they benefit from (or lose to) the forces of globalization?This comprehensive study firmly debunks several popular myths such as the belief that globalization has resulted in lower overall growth rates for poor countries, increasing world inequality, and stagnating poverty levels. Through rigorous, integrated methodologies and an enhanced dataset, the author, Surjit Bhalla, answers some of the most pressing policy issues confronting us today.

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    Bibliographic Info

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    This book is provided by Peterson Institute for International Economics in its series Peterson Institute Press: All Books with number 348 and published in 2002.

    ISBN: 978-0-88132-348-1
    Handle: RePEc:iie:ppress:348

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    Cited by:
    1. Leonardo Gasparini & Pablo Gluzmann, 2009. "Estimating Income Poverty and Inequality from the Gallup World Poll: The Case of Latin America and the Caribbean," CEDLAS, Working Papers 0083, CEDLAS, Universidad Nacional de La Plata.
    2. Jean-Pierre Lachaud, 2003. "La croissance économique en Afrique sub-saharienne est-elle "pro-pauvres" ? Une investigation appliquée au Burkina Faso," Documents de travail 83, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    3. Pinkovskiy, Maxim L. & Sala-i-Martin, Xavier X., 2014. "Lights, camera,...income! Estimating poverty using national accounts, survey means, and lights," Staff Reports 669, Federal Reserve Bank of New York.
    4. Sudhir Anand & Paul Segal, 2008. "What Do We Know about Global Income Inequality?," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 57-94, March.
    5. Bourguignon, Francois & Levin, Victoria & Rosenblatt, David, 2006. "Global redistribution of income," Policy Research Working Paper Series 3961, The World Bank.
    6. Lahimer, Noomen, 2009. "La contribution des investissements directs étrangers à la réduction de la pauvreté en Afrique subsaharienne," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/1167 edited by Goaied, Mohamed & Bienaymé, Alain.
    7. Anirudh Krishna & Mahesh Kapila & Mahendra Porwal & Virpal Singh, 2005. "Why growth is not enough: Household poverty dynamics in Northeast Gujarat, India," Journal of Development Studies, Taylor & Francis Journals, vol. 41(7), pages 1163-1192.
    8. Victoria Fan & Anup Karan & Ajay Mahal, 2012. "State Health Insurance and Out-of-Pocket Health Expenditures in Andhra Pradesh, India," Working Papers id:5032, eSocialSciences.
    9. Adams, Richard Jr. & Page, John, 2005. "Do international migration and remittances reduce poverty in developing countries?," World Development, Elsevier, vol. 33(10), pages 1645-1669, October.
    10. Dhongde, Shatakshee & Minoiu, Camelia, 2013. "Global Poverty Estimates: A Sensitivity Analysis," World Development, Elsevier, vol. 44(C), pages 1-13.
    11. McLeod, Darryl, 2006. "How fast did developing country poverty fall during the 1990s? Capabilities-based tests of rival estimates," Economics Letters, Elsevier, vol. 90(3), pages 297-303, March.
    12. Berger, Johannes, 2006. "Warum sind einige Länder so viel reicher als andere? Zur institutionellen Erklärung von Entwicklungsunterschieden," MPIfG Discussion Paper 06/6, Max Planck Institute for the Study of Societies.
    13. Korinek, Anton & Mistiaen, Johan A. & Ravallion, Martin, 2005. "Survey nonresponse and the distribution of income," Policy Research Working Paper Series 3543, The World Bank.
    14. Jean-Pierre Lachaud, 2006. "La mesure de la croissance pro-pauvres en Afrique : espace de l’utilité ou des capacités ? Analyse comparative appliquée au Burkina Faso," Documents de travail 122, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    15. Djavad Salehi-Isfahani, 2006. "Revolution and redistribution in Iran: poverty and inequality 25 years later," Working Papers e06-3, Virginia Polytechnic Institute and State University, Department of Economics.
    16. Chaudhuri, Shubham & Ravallion, Martin, 2006. "Partially awakened giants : uneven growth in China and India," Policy Research Working Paper Series 4069, The World Bank.
    17. Cling, Jean-Pierre & Cogneau, Denis & Loup, Jacques & Naudet, Jean-David & Razafindrakoto, Mireille & Roubaud, François, 2005. "Le développement, une question de chances ? A propos du Rapport sur le Développement dans le monde 2006 « Equité et Développement »," Economics Papers from University Paris Dauphine 123456789/4390, Paris Dauphine University.
    18. Edward, Peter & Sumner, Andy, 2014. "Estimating the Scale and Geography of Global Poverty Now and in the Future: How Much Difference Do Method and Assumptions Make?," World Development, Elsevier, vol. 58(C), pages 67-82.

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