|Abstract||Does openness in trade and the free flow of capital promote growth for the poor? In this Working Paper, Nancy Birdsall discusses the inherent asymmetries in globalization, and the implications those inequalities have for poverty reduction. She suggests that global trading rules work less well for the people and households within poor countries. While modern capitalist and rich societies have mechanisms to manage their markets so that free trade and commerce more equally benefit all, poor countries cannot benefit from effective social contracts, progressive tax systems, and laws and regulations to manage asymmetries and market failures. This is also true at the global level, where poor countries are especially susceptible to the risks of free trade, and the vagaries of volatile capital flows. This paper is updated from a paper presented at the 2002 G-20 Workshop on Globalization, Living Standards, and Inequality in Sydney, Australia. It is also forthcoming in a Jubilee Conference Volume of the World Institute for Development Economics Research.|
|Keywords||No keywords specified (fix it)|
|Through your library||Only published papers are available at libraries|
Similar books and articles
Nicole Hassoun (2011). Free Trade, Poverty, and Inequality. Journal of Moral Philosophy 8 (1):5-44.
Asaf Bar-Tura (2011). Economic Policy and World Organization. Perspectives on Global Development and Technology 10 (1):194-212.
Mathias Risse (2005). Do We Owe the Global Poor Assistance or Rectification? Ethics and International Affairs 19 (1):9–18.
Rajib N. Sanyal (2001). The Social Clause in Trade Treaties: Implications for International Firms. Journal of Business Ethics 29 (4):379 - 389.
Mathias Risse (2005). What We Owe to the Global Poor. Journal of Ethics 9 (1-2):81 - 117.
Nicole Hassoun (2012). Globalization and Global Justice: Shrinking Distance, Expanding Obligations. Cambridge University Press.
Added to index2009-01-28
Total downloads7 ( #133,381 of 549,013 )
Recent downloads (6 months)1 ( #63,261 of 549,013 )
How can I increase my downloads?