Globalization, Growth and Marginalization

Download or read book Globalization, Growth and Marginalization written by A.S. Bhalla and published by Springer. This book was released on 1998-09-12 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.