Globalisation is already a powerful force for poverty reduction as societies and economies around the world are becoming more integrated. Although this international integration presents considerable opportunities for developing countries, it also contains significant risks. Associated with international integration are concerns about increasing inequality, shifting power, and cultural uniformity. Globalization, Growth, and Poverty focuses on globalisation in terms of growing economic integration resulting from the increased flow of goods and services, people, capital, and information. The report is primarily concerned with the effect that this growing integration has on economic growth and poverty reduction. It assesses the impact of globalisation and addresses the ensuing anxieties. By focusing on specific policy recommendations, this report proposes an agenda for action aimed at minimising the risks that globalisation potentially generates, while maximising the opportunities for the poor.
Publisher: World Bank Publications