Globalization, Institutions, Asset Endowments and Poverty Reduction Outcomes in Africa within the Context of the Financial Crisis: Establishing a Transmission Mechanisms
AbstractThis paper sets to establish a transmission mechanism linking globalization, institutional setups, asset endowments and poverty reduction outcomes in Africa within the context of the current financial crisis. Identifying different sub channel circuits as well as the complex and indirect linkage observed between globalization and poverty, we note diver’s impact of the various factors on welfare enhancement and poverty reduction. Establishing a framework that teases out these channels, policy wise we identify that: government should: consolidate macro and micro institutions that act as safe nets to forces of globalization during crisis periods, consolidate and enhance asset accumulation of the poor and rural population during the crisis period, strengthen fragile industries, empower human capital, etc in view of reducing poverty and consolidating development during crisis situations.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 20655.
Date of creation: Jan 2010
Date of revision:
Globalization; institutional setup; asset endowment; Poverty Reduction;
Find related papers by JEL classification:
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
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