21 - Globalisation and the developing countries

Wetenschappelijke publicatie
Date 1 November 2002

Globalisation is a highly controversial topic. Despite its potential for accelerating growth and reducing poverty (to which most policy makers and economist would agree) objections are often expressed about the position of developing countries, and a number of damaging side-effects of the current globalisation wave. In the present analysis, a number of questions raised by the antiglobalist movement is assessed on its economic merits. On the basis of empirical analyses, it is assessed whether: - the poor benefit proportionally from globalisation; - the position of primary producers in the global economy has indeed eroded; - current global trade architecture promotes unilateral liberalisation in developing countries; - globalisation increases the scope for abuse by multinational corporations; - financial integration increases the risk of financial instability. JEL-code: F02, F13, O10