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The Two Faces Of Globalization: Against Globalization As We Know It

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Author Info
Branko Milanovic

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Abstract

The paper shows that the current view of globalization as an automatic and benign force is flawed: it focuses on only one, positive, face of globalization while entirely neglecting a malignant one. The two key historical episodes that are adduced by the supporters of the “globalization as it is” (the Halcyon days of the 1870-1913, and the record of the last two decades of development) are shown to be misinterpreted. The “Halcyon days” were never Halcyon for those who were “globalized” through colonization since colonial constraints prevented them from industrializing. The record of the last two decades (1978- 1998) is shown to be almost uniformly worse than that of the previous two (1960-78).

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Publisher Info
Paper provided by EconWPA in its series Development and Comp Systems with number 0303007.

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Length: 43 pages
Date of creation: 29 Mar 2003
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Handle: RePEc:wpa:wuwpdc:0303007

Note: Type of Document - Word; prepared on IBM PC ; to print on PostScript; pages: 43; figures: included
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Web page: http://129.3.20.41

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Related research
Keywords: globalization; world; growth; development theory; convergence;

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Find related papers by JEL classification:
F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
N30 - Economic History - - Labor and Consumers, Demography, Education, Income, and Wealth - - - General, International, or Comparative

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Dollar, David & Kraay, Aart, 2001. "Growth is good for the poor," Policy Research Working Paper Series 2587, The World Bank. [Downloadable!]
    Other versions:
  2. Bairoch, Paul, 1989. "The paradoxes of economic history: Economic laws and history," European Economic Review, Elsevier, vol. 33(2-3), pages 225-249, March. [Downloadable!] (restricted)
  3. Dollar, David & Kraay, Aart, 2001. "Trade, growth, and poverty," Policy Research Working Paper Series 2615, The World Bank. [Downloadable!]
    Other versions:
  4. Steve Dowrick & Muhammad Akmal, 2005. "CONTRADICTORY TRENDS IN GLOBAL INCOME INEQUALITY: A TALE OF TWO BIASES ," Review of Income and Wealth, Blackwell Publishing, vol. 51(2), pages 201-229, 06. [Downloadable!] (restricted)
  5. Kevin H. O'Rourke & Jeffrey G. Williamson, 2001. "Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650592, April.
  6. Paul BAIROCH & Richard KOZUL-WRIGHT, 1996. "Globalization Myths: Some Historical Reflections On Integration, Industrialization And Growth In The World Economy," UNCTAD Discussion Papers 113, United Nations Conference on Trade and Development. [Downloadable!]
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  1. Robert-Nicoud, Frédéric, 2006. "Off-Shoring of Business Services and Deindustrialization: Threat or Opportunity - and for Whom?," CEPR Discussion Papers 5617, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  2. Cuñat, Alejandro & Maffezzoli, Marco, 2005. "Can Comparative Advantage Explain the Growth of US Trade?," CEPR Discussion Papers 5348, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  3. Michelle Baddeley, 2006. "Convergence or Divergence? The Impacts of Globalisation on Growth and Inequality in Less Developed Countries," International Review of Applied Economics, Taylor and Francis Journals, vol. 20(3), pages 391-410, July. [Downloadable!] (restricted)
  4. Lamia YACOUB, 2009. "La politique économique dans la mondialisation : de la récusation au renouveau (The economic policy in the globalization : from the denial in the revival)," Working Papers 211, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation. [Downloadable!]
  5. Mamoon, Dawood, 2007. "Relative Factor Return Gaps in Labour Markets and Global Integration," MPRA Paper 3045, University Library of Munich, Germany. [Downloadable!]
  6. Jomo Kwame Sundaram & Rudiger von Arnim, 2008. "Economic liberalization and constraints to development in sub-Saharan africa," Working Papers 67, United Nations, Department of Economics and Social Affairs. [Downloadable!]
  7. Ingrid Nielsen & Chris Nyland & Russell Smyth & Cherrie Jiuhua Zhu, 2005. "Perceptions of Subjective Economic Well-Being and Support for Market Reform among China's Urban Population," Post-Communist Economies, Taylor and Francis Journals, vol. 17(4), pages 425-447, December. [Downloadable!] (restricted)
  8. Leonardo Gasparini, 2003. "Argentina´s Distributional Failure: The role of Integration and Public Policies," Working Papers 0001, CEDLAS, Universidad Nacional de La Plata. [Downloadable!]
  9. Andrew Sumner, 2006. "Why Are We Still Arguing about Globalisation," Working Papers id:538, esocialsciences.com. [Downloadable!]
  10. Farhad Noorbakhsh, . "International Convergence and Inequality of Human Development: 1975-2001," Working Papers 2006_3, Department of Economics, University of Glasgow. [Downloadable!]
  11. Milanovic, Branko, 2003. "Income convergence during the disintegration of the world economy, 1919-39," Policy Research Working Paper Series 2941, The World Bank. [Downloadable!]
    Other versions:
  12. Seguino, Stephanie, 2006. "The great equalizer?: Globalization effects on gender equality in Latin America and the Caribbean," MPRA Paper 6509, University Library of Munich, Germany. [Downloadable!]
  13. Eric Berr & François Combarnous & Eric Rougier, 2005. "Too much consensus could be harmful : measuring the degree of implementation of the Washington consensus and its impact on economic growth," Documents de travail 116, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV. [Downloadable!]
  14. Majumder, Rajarshi, 2008. "Globalisation and Employment: A Prelude," MPRA Paper 12814, University Library of Munich, Germany. [Downloadable!]
  15. Rhys Jenkins, 2004. "Globalization, production, employment and poverty: debates and evidence," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(1), pages 1-12. [Downloadable!]
  16. Rahman, Tauhidur & Mittelhammer, Ron C., 2006. "Measuring the Impact of Globalization on the Well-being of the Poor: Methodology and an Application to Africa," 2006 Annual meeting, July 23-26, Long Beach, CA 21100, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  17. John Weeks & Shruti Patel, 2007. "Fiscal Policy," Publications 1, International Policy Centre for Inclusive Growth. [Downloadable!]
  18. Caroline M. Robb, 2003. "Poverty and Social Impact Analysis - Linking Macroeconomic Policies to Poverty Outcomes: Summary of Early Experiences," IMF Working Papers 03/43, International Monetary Fund. [Downloadable!]
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