Trade, Growth, and Poverty
Trade, Growth, and Poverty:

(June 2001) - The evidence from individual cases and from cross-country analysis supports the view that globalization leads to faster growth and poverty reduction in poor countries. To determine the effect of globalization on growth, poverty, and inequality, Dollar and Kraay first identify a group o...

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Bibliographische Detailangaben
1. Verfasser: Kraay, Aart (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2001
Schlagworte:
Wirtschaft
Cross-Country Analysis
Developing Countries
Developing World
Development Research
Economic Development
Economic Growth
Economic Reform
Economic Theory and Research
Economics
Economics Profession
Emerging Markets
Free Trade
Growth
Growth Rate
Inequality
International Economics & Trade
Law and Development
Macroeconomics and Economic Growth
Poverty Reduction
Private Sector Development
Pro-Poor Growth
Public Sector Development
Trade Law
Trade Policy
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Zusammenfassung:(June 2001) - The evidence from individual cases and from cross-country analysis supports the view that globalization leads to faster growth and poverty reduction in poor countries. To determine the effect of globalization on growth, poverty, and inequality, Dollar and Kraay first identify a group of developing countries that are participating more in globalization. China, India, and several other large countries are part of this group, so well over half the population of the developing world lives in these globalizing economies. Over the past 20 years, the post–1980 globalizers have seen large increases in trade and significant declines in tariffs. Their growth rates accelerated between the 1970s and the 1980s and again between the 1980s and the 1990s, even as growth in the rich countries and the rest of the developing world slowed. The post–1980 globalizers are catching up to the rich countries, but the rest of the developing world (the non-globalizers) is falling further behind. Next, Dollar and Kraay ask how general these patterns are, using regressions that exploit within-country variations in trade and growth. After controlling for changes in other policies and addressing endogeneity with internal instruments, they find that trade has a strong positive effect on growth. Finally, the authors examine the effects of trade on the poor. They find little systematic evidence of a relationship between changes in trade volumes (or any other measure of globalization they consider) and changes in the income share of the poorest—or between changes in trade volumes and changes in household income inequality. They conclude, therefore, that the increase in growth rates that accompanies expanded trade translates on average into proportionate increases in incomes of the poor.
[Fortsetzung 1. Abstract] Absolute poverty in the globalizing developing economies has fallen sharply in the past 20 years. The evidence from individual cases and from cross-country analysis supports the view that globalization leads to faster growth and poverty reduction in poor countries. This paper—a product of Macroeconomics and Growth, Development Research Group—is part of a larger effort in the department to study the effects of globalization on the poor
Beschreibung:1 Online-Ressource (1 online resource (46 p.))
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