Synopses & Reviews
Synopsis
List of Tables and Figures Preface Acknowledgements List of Abbreviations Notes on the Contributors Introduction; A.S.Bhalla Globalization: Threat or Salvation?; P.Streeten Information Technology, Globalization and Marginalization; J.James The Impact of Globalization and Information Technology on Latin America; A.Berry The Impact of Globalization on South Asia; A.R.Khan Growth and Poverty in East and Southeast Asia in the Era of Globalization; A.R.Khan The Impact of Globalization on Africa; S.M.Wangwe & F.Musonda Regional Perspectives: An Overview; A.Berry & A.S.Bhalla Directions for Future Research; A.S.Bhalla Bibliography Index
Synopsis
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.