Why Are the Critics So Convinced That Globalization Is Bad for the Poor?

Emma Aisbett

in Globalization and Poverty

Published by University of Chicago Press

Published in print April 2007 | ISBN: 9780226317946
Published online February 2013 | e-ISBN: 9780226318004 | DOI:
Why Are the Critics So Convinced That Globalization Is Bad for the Poor?

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This chapter explains both the “what” and the “why” of common criticisms of globalization's record on poverty and inequality. It is argued that this continued criticism is due to several factors: the use of different methodologies in estimating poverty and inequality, the concerns of the critics of globalization about the short-term costs versus the longer-term gains from trade reform, their rejection of a perfectly competitive framework, and different interpretations regarding the evidence. The opinions of the poor seem to suggest that the influence of globalization on their lives is less positive than measures of changes in their average income would suggest. It appears that the difference of opinion between globalization's supporters and critics can be largely explained by differences in prior views and priorities, as well as current ambiguities in the empirical evidence.

Keywords: globalization; poverty; inequality; trade reform; poor

Chapter.  22801 words.  Illustrated.

Subjects: Economic Development and Growth

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