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.

The Third World is facing new challenges arising from the emergence of new technologies - microelectronics and biotechnologies - and the process of globalization in capital, goods and services markets. This book examines the pros and cons of using new technologies at different levels of technological capabilities in the Third World. The implications of this challenge for most developing countries, which are users but not producers of these technologies, are considered in terms of their actual and potential impact on employment, income distribution and competitiveness. This last factor is...

A topical study of regional arrangements covering ASEAN, SAARC and APEC in Asia, NAFTA and MERCOSUR in the Americas, SADC, SACU and ECOWAS in Africa, and the European Union, EFTA and Eastern Europe. The book argues that foreign direct investment is complementary to trade and most regional arrangements can create trade and induce growth so long as they remain open and non-discriminatory. But they could also become stumbling blocks to globalization. The book demonstrates how US and EU trade policy will be crucial in shaping the world economy.

In Western Europe, the notion of social exclusion is rapidly diffusing in recent years. This book investigates the notion of social exclusion as a new way to approach social issues such as the 'new poverty' long-term-unemployment, precariousness, social polarization and disintegration. Particular attention is paid to both the global relevance of an approach in terms of social exclusion and its value compared to more conventional approaches in terms of poverty of deprivation. It is shown that social exclusion goes beyond these by explicitly embracing the relational as well as the...

This book traces the evolution of Covid across different geographic regions, showing how the varying responses of leaders, citizens and other key stakeholders in efforts to tackle the Covid crisis determined outcomes. It finds that leadership, in particular, played a critical role, while initial conditions, such as health-care spending and infrastructure are important factors contributing to a country’s preparedness in coping with a pandemic.