Globalization, Growth and Marginalization

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.

ALBERT BERRY Professor of Economics and Director of the Latin American Programme, Centre for International Studies, University of Toronto JEFFREY JAMES Professor of Development Economics and Director, Centre for Graduate Studies in Economics and Management, Tilburg University, The Netherlands AZIZUR RAHMAN KHAN Professor of Economics, University of California at Riverside FLORA MUSONDA Research Fellow, Economic and Social Research Foundation, Dar es Salaam, Tanzania PAUL STREETEN Professor Emeritus of Economics, Boston University SAMUEL WANGWE Executive Director, Economic and Social Research Foundation, Dar es Salaam, Tanzania