Globalization is defined in economic terms to mean freer flows of trade, foreign direct investment and finance, and liberalization of trade and investment policies. Impacts of globalization and information technology are examined in terms of growth and productivity, poverty and income distribution, and employment. Experiences of Africa, East and Southeast Asia, South Asia, and Latin America in the era of globalization are discussed. It is argued that benefits of freer trade and capital flows need to be managed carefully in order to minimise the costs and maximise gains.
A.S. Bhalla
capital distribution East Asia foreign direct investment globalization growth income distribution information Information Technology (IT) investment liberalization Poverty productivity research trade
'A timely and highly impressive contribution to the subject. The book is particularly recommended for its important analysis of the role of technological factors in globalization and its excellent discussion of the impact of globalization on poverty and income distribution in developing countries.' - Professor Ajit Singh, Cambridge University and Senior Fellow, Queens College