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Trade & investment
Globalisation & poverty: Turning the corner (pdf 663K)
Economic integration around the world - an important part of the process of globalisation - has allowed remarkable, but frequently unrecognised, progress against poverty and global inequality. One group of developing countries, with a combined population of 3 billion people, has achieved this progress by reforming their policies, institutions and infrastructure to become the 'new globalisers'.
But serious poverty and inequality remain for up to 2 billion people living in countries that have not yet integrated with the global economy. Poor policy choices, weak institutions and sometimes instability have cost these countries dearly.
The tremendous gains made by globalising developing countries and the tragic outcomes for some marginalised developing countries offer contrasting policy lessons that are sometimes confused. In that misunderstanding, poverty and inequality are falsely attributed to the very economic integration that is lifting the majority of the developing world's people out of poverty. So it is important to understand clearly what has been happening in the world and how further inroads can be made into poverty and global inequality.
- Resource link:
http://www.ausaid.gov.au/ publications/pdf/ globalisation_report.pdf - Published: October 2001
- Source: AusAID / Centre for International Economics (http://www.ausaid.gov.au)
- Added to ADG on: 23 August 2004 , contributed by: AusAID
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