Chapter

 Growth and Poverty in a Globalizing World

Fred Campano and Dominick Salvatore

in Income Distribution

Published in print March 2006 | ISBN: 9780195300918
Published online May 2006 | e-ISBN: 9780199783441 | DOI: http://dx.doi.org/10.1093/0195300912.003.0011
  Growth and Poverty in a Globalizing World

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This chapter looks at the controversy surrounding the benefits/drawbacks of globalization. The current trend of globalization of production and labor markets, and the connection between globalization and economic growth are discussed. The impact of globalization on poverty in developing countries, in both absolute and relative terms (relative to the developed countries), is also examined.

Keywords: development; economic growth; foreign direct investment; globalization; outsourcing; poverty; purchasing power parity

Chapter.  4133 words. 

Subjects: Economic Development and Growth

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