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Why Are We Still Arguing about Globalisation

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Author Info
Andrew Sumner
Abstract

This paper addresses the following question: why are we still arguing about globalisation? It analyses the recent evolution of debates relating to the impact of globalisation on poverty and economic growth in developing countries. A stock-take of selected cross-country econometric research is made and the ‘battle- lines’ drawn between globalisation ‘rampants’ or ‘spikeys’ - those who are unequivocally proglobalisation and globalisation ‘sceptics’ or ‘fluffies’ - those who find little or no evidence of the benefits of globalisation and are concerned about adverse impacts. Features of the literature are noted to inform the following section that focuses on how two large bodies of opposing ‘evidence’ can co-exist. Finally, in light of conceptual and methodological muddles, the historical experience of development in East Asia - a major ‘battleground’ in globalisation debates - is revisited.

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Paper provided by esocialsciences.com in its series Working Papers with number id:538.

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Date of creation: 2006
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Handle: RePEc:ess:wpaper:id:538

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Keywords: Globalisation; liberalisation; poverty; economic growth; Economics;

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  3. Wade, Robert Hunter, 2001. "Making the World Development Report 2000: Attacking Poverty," World Development, Elsevier, vol. 29(8), pages 1435-1441, August. [Downloadable!] (restricted)
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  5. Kenny, Charles & Williams, David, 2001. "What Do We Know About Economic Growth? Or, Why Don't We Know Very Much?," World Development, Elsevier, vol. 29(1), pages 1-22, January. [Downloadable!] (restricted)
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  7. Geert Bekaert & Campbell R. Harvey & Christian Lundblad, 2004. "Does Financial Liberalization Spur Growth?," Research series 200405-9, National Bank of Belgium. [Downloadable!]
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  8. Michael Klein & Giovanni Olivei, 1999. "Capital account liberalization, financial depth, and economic growth," Working Papers 99-6, Federal Reserve Bank of Boston. [Downloadable!]
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  9. Edwards, Sebastian, 1998. "Openness, Productivity and Growth: What Do We Really Know?," Economic Journal, Royal Economic Society, vol. 108(447), pages 383-98, March. [Downloadable!] (restricted)
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  10. Mattias Lundberg & Lyn Squire, 2003. "The simultaneous evolution of growth and inequality," Economic Journal, Royal Economic Society, vol. 113(487), pages 326-344, 04. [Downloadable!] (restricted)
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  12. Rodríguez, Francisco & Rodrik, Dani, 1999. "Trade Policy and Economic Growth: A Sceptic's Guide to the Cross-National Evidence," CEPR Discussion Papers 2143, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  13. Kenneth Rogoff & M. Ayhan Kose & Eswar Prasad & Shang-Jin Wei, 2004. "Effects on Financial Globalization on Developing Countries: Some Empirical Evidence," IMF Occasional Papers 220, International Monetary Fund.
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  18. Irwin, Douglas A. & Tervio, Marko, 2002. "Does trade raise income?: Evidence from the twentieth century," Journal of International Economics, Elsevier, vol. 58(1), pages 1-18, October. [Downloadable!] (restricted)
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  19. Cornia, Giovanni Andrea & Kiiski, Sampsa, 2001. "Trends in Income Distribution in the Post-World War II Period Evidence and Interpretation," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
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