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Asymmetric Globalization: Global Markets Require Good Global Politics

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  • Nancy Birdsall

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Abstract

The paper sets out two views of the facts about the effects of globalization on world poverty and inequality. The bottom line: globalization is not the cause, but neither is it the solution to world poverty and inequality. The paper then explores why and how the global economy is stacked against the poor, making globalization asymmetric, at least up to now. It concludes with some ideas about a new agenda of good global politics, an agenda to shape a future global economy and society that is less poor and less unequal -- not only because it is more global and competitive, but also because it is more fair and more politically representative.

Suggested Citation

  • Nancy Birdsall, 2002. "Asymmetric Globalization: Global Markets Require Good Global Politics," Working Papers 12, Center for Global Development.
  • Handle: RePEc:cgd:wpaper:12
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    File URL: http://www.cgdev.org/content/publications/detail/2775
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    More about this item

    Keywords

    Global Markets; globalization; poverty; inequality;

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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