Flat World, Big Gaps


Book Description

This publication sets out an empirical analysis of the impact of economic liberalisation and globalisation on inequality, poverty and development, including recent trends in economic growth, income distribution and global inequalities, and the comparative experiences of countries that have pursued different economic policies.




Liberalization and Globalization


Book Description

Reviews the historical evidence and presents the key economic arguments to sustain the cse against the now conventional wisdom regarding liberalization, growth and development policy and it sets out the main elements of a South platform and a rationale for a strengthened UNCTAD.




Globalization, Liberalization and Policy Change


Book Description

After the introduction of a new economic policy of 1991, India is increasingly portrayed as a big emerging market for consumer goods and for broadcasting and communications services. Policies for telecommunications, computer software and television broadcasting in India have also shifted fundamentally. The book considers communications policies in light of the role of communications in social and economic development and global patterns of trade and investment in communications and services.




Liberation from Liberalization


Book Description

Liberation from Liberalization challenges the neo-liberal claim that free market policies bring prosperity and economic development. Bahramitash focuses particularly on Southeast Asia, where expansion of free markets has led to high GNP per capita growth over the past few decades. Focusing on this region, the book examines the economic policies adopted in Taiwan, Indonesia and the Philippines. Drawing upon state-centred theories, the author argues that limiting the role of the state has been responsible for growing poverty, especially among women. Seventy percent of those earning less than a dollar a day are women, and poverty among rural women is growing much faster than it is among men. In order to reverse economic liberalization, the state has to be brought back into the economy as a major player and become responsible for providing welfare for its citizens. This volume argues in favour of a system that incorporates women's groups into the decision-making process of the state, while ensuring that the state remain both transparent and subject to the political advocacy of its citizens. Bahramitash argues that, ultimately, the only way to stop liberalization, which is trapping millions in poverty, is to limit the role of markets through an elected and responsible state with embedded members of civil society, such as women's groups.




Globalization and Liberalization


Book Description




Fragmenting Globalization


Book Description

Global supply chain integration is not only a rapidly growing feature of international trade, it is responsible for fundamentally changing trade policy at international and domestic levels. Given that final goods are produced with both domestic and foreign suppliers, Ka Zeng and Xiaojun Li argue that global supply chain integration pits firms and industries that are more heavily dependent on foreign supply chains against those that are less dependent on intermediate goods for domestic production. Hence, businesses whose supply chain would be disrupted as a result of increased trade barriers should lobby for preferential trade liberalization to maintain access to those foreign markets. Moreover, businesses whose products are used in the production of goods in foreign countries should also support preferential trade liberalization to compete with suppliers from other parts of the world. Fragmenting Globalization uses multiple methods, including time series, cross-sectional analysis of the pattern of Preferential Trade Alliance formation by existing World Trade Organization members, a firm-level survey, and case studies of the pattern of corporate support for regional trade liberalization in both China and the United States. Zeng and Li show that the growing fragmentation of global production, trade, and investment is altering trade policy away from the traditional divide between export-oriented and import-competing industries.




The Order of Economic Liberalization


Book Description

Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.




Liberalisation and Globalisation of Indian Economy


Book Description

In India, The Move Towards Globalisation And Free Trade Coincided With The Process Of Structural Reforms And Economic Liberalisation That Began In July 1991. Since Then The Country Has Seen A Significant Integration Of Markets In Commodity, Services, Finance And Technology With Other Countries. Right At The Outset Of Globalisation, Some Persons In India Like Those In Other Developing Countries Were Against This New Trend, Perceiving It As Elite-Driven And Incapable Of Bringing Qualitative Change In Peoples Lives. Fear Of Lagging Behind In The Race With The Advanced Countries, Which Would Ultimately Capture A Lion S Share In The Global Market, Had Further Led Some People To Oppose Globalisation.But The Present Scenario Is Altogether Different. India S Apprehensions About Globalisation Have Been Removed To Some Extent. Economic Liberalisation Has Paved Way For Rapid Technological Progress For India While Globalisation Has Given Its Young Talent Vast Employment Opportunities In America And Europe. Today, India Has Become A Big Market For Multinational Giants. There Is Hardly A Big-Name Company That Is Not Outsourcing To India. India Has Developed Several Hubs Of Information Technology-Enabled Services, Business Process Outsourcing, Research & Development, Pharmaceuticals And Telecommunication. On The Contrary, The Advanced Countries Like The United States Are Now Fearing Globalisation Because They Are Losing Jobs In The International Corporate World To Indian Technical Experts. Globalisation And Liberalisation Have Brought New Opportunities In Our Country In Trade, Business, Services And Employment. The Atmosphere Is Vibrant. The Younger Generation Is Educated, Talented And Ambitious. The Opening Of International Markets Has Led To Earnest Endeavours To Improve Product Quality To Secure Marketing. Internationalisation And Privatisation Of Education Has Led To Updating Of Curriculum And Bring Technical Manpower That Would Implement The Latest Technology In Manufacturing And Servicing. The Globalisation Should Be Made An Instrument Of Rapid Economic Development In A Way That Its Benefits Reach All Regions Of The Country And All Sections Of Society.The Volume Has Wide Coverage Including In Its Spectrum The Structural Changes In The Indian Economy. Contributors To This Volume Have Not Only Recognised The Reality Of Globalisation As A Process Of Change But Have Also Comprehensively Dealt With The Major Issues And Concerns For India In The Context Of Globalisation. The Papers Closely Examine Important Implications And Impact Of Liberalisation And Globalisation Measures Taken By The Government In Recent Years.It Is Hoped That The Book Would Be Found Useful By The Researchers And Students Of Economics, Businessmen, Government Executives, Parliamentarians And Legislators, Concerned With The Formulation And Execution Of Economic Policies, And The General Readers Interested In Knowing The Changes That Are Taking Place In Our Economy.




Handbook of Research on Institutional, Economic, and Social Impacts of Globalization and Liberalization


Book Description

Globalization is a multi-dimensional concept reflecting the increased economic, social, cultural, and political integration of countries. There has been no pinpointed consensus on the history of globalization; however, the globalization process has gained significant speed as of the 1980s in combination with liberalization. Many countries have removed or loosened barriers over the international flows of goods, services, and production factors. In this context, both liberalization and globalization have led to considerable institutional, economic, social, cultural, and political changes in the world. The liberalization and globalization processes have affected economic units, institutions, cultures, social lives, and national and international politics. The Handbook of Research on Institutional, Economic, and Social Impacts of Globalization and Liberalization provides a comprehensive evaluation of the institutional, economic, and social impacts of globalization and liberalization processes across the world. While highlighting topics like economics, finance, business, and public administration, this book is ideally intended for government officials, policymakers, practitioners, stakeholders, researchers, and academicians interested in the international impacts of globalization and liberalization across a variety of different domains.




Flat World, Big Gaps


Book Description

Many mainstream economists have claimed that globalization creates worldwide growth, and that economic liberalization will lead to the economic convergence and lower inequality. It is now clear that since the 1980 s the world economy has experienced slower growth as well as greater inequalities at the national level. The research in this volume provides rigorous empirical analyses of how economic liberalization has actually affected inequality, poverty and development in recent decades. Avoiding polemics and rhetoric, the book provides a balanced account of recent trends, the effect of globalization and liberalization, and the comparative experiences of countries that have pursued different economic policies and trajectories.