Globalization is a powerful force for poverty reduction as societies and economies around the world are becoming more integrated. Although this international integration presents tremendous opportunities for developing countries, it also has raised concerns about rising inequality, shifting power, and cultural uniformity. This report assesses the impact of globalization and addresses the ensuing anxieties. It proposes an agenda for action aimed at mitigating the risks that globalization potentially generates, while maximizing the opportunities for the poor.
Paul Collier, CBE is a Professor of Economics, Director for the Centre for the Study of African Economies at the University of Oxford and Fellow of St Antony's College. He is the author of The Plundered Planet; Wars, Guns, and Votes; and The Bottom Billion, winner of Estoril Distinguished Book Prize, the Arthur Ross Book Award, and the Lionel Gelber Prize.