Overview

A new era of globalization, which began in the 1980s, brought about a significant decline in costs of transportation, communication, and production; considerably improved intercountry competitiveness; and broke down trade and cultural barriers among countries. The concept of a sovereign nation has been increasingly questioned in recent years. Some, indeed, have imagined a world without boundaries, without countries. Others who doubt the benefits of globalization have called for increased protectionism and greater regulation of economic activity. Has globalization made the world grow faster? Has poverty declined at a faster pace during globalization? If yes, why? If not, is it because the growth rate was lower, or because inequality worsened, or both? Who gained from globalization? Was it the elite in both the developed and developing world? What about the middle class? Who are they? How did they benefit from (or lose to) the forces of globalization? This comprehensive study firmly debunks several popular myths such as the belief that globalization has resulted in lower overall growth rates for poor countries, increasing world inequality, and stagnating poverty levels. Through rigorous, integrated methodologies and an enhanced dataset, the author, Surjit Bhalla, answers some of the most pressing policy issues confronting us today.

Full Product Details

9780881323481

Table of Contents

Reviews

This book challenges the conventional contention that the world in recent years has experienced both increased poverty and increased inequality, attributed by some to integration of nations into the world economy. * Foreign Affairs * Bhalla rubbishes poverty estimates made by the World Bank and the Indian government to come up with dramatic findings that could shake up global development policy. -- Sandipan Deb * Outlook Magazine * A brilliant new book. * The Times of India *

This book challenges the conventional contention that the world in recent years has experienced both increased poverty and increased inequality, attributed by some to integration of nations into the world economy. Foreign Affairs Bhalla rubbishes poverty estimates made by the World Bank and the Indian government to come up with dramatic findings that could shake up global development policy. -- Sandipan Deb Outlook Magazine A brilliant new book. The Times of India

Author Information

Surjit Bhalla has since 1986 been Managing Director of Oxus Research and Investments, a New Delhi based asset management and emerging markets advisory firm. He was chief global strategist for emerging markets at Deutsche Bank from 1994-96, and had worked at several other prominent businesses or organization prior to that period, including Goldman Sachs, the World Bank, and the Brookings Institution. He also served as Executive Director of the Policy Group in New Delhi, India from 1986-90. His research has mainly focused on economic development, capital markets, macroeconomic policy, poverty and economic growth. He has published more than 70 articles in books and journals, in addition to some 250 columns in magazines and newspapers.

Tab Content 6

Countries Available