Trade, Growth and Poverty Reduction
Least Developed Countries, Landlocked Developing Countries and Small States in the Global Economic System
Why have the least developed countries, and other poorer countries, failed to grow as fast as other economies during the recent period of globalisation?
Professor Srinivasan explores the broad links between growth in income, globalisation, and poverty reduction. He argues that past domestic and international policies have failed to serve the interests of the poorest countries, and suggests that the current array of international institutions, in their unreformed state, are ill-suited to bring about the changes required.
Finally he makes recommendations on needed reforms to the institutions that manage the global economic system.
Contents
Acronyms
Overview
1. Introduction
2. Trade, Growth and Poverty Reduction
2.1 Globalisation and Growth
2.2 Growth and Poverty Reduction
2.3 Growth and Inequality
2.4 Globalisation and Poverty Reduction
2.5 Globalisation for the Poor
3. Salient Characteristics of Least-Developed Countries
3.1 Criteria for Addition to and Graduation from the List of LDCs
3.2 Implications of the Criteria
3.3 Classical Theory of Comparative Advantage and Small and Vulnerable States
4. Cooperation between Developed and Developing Countries to Strengthen the Links between Trade, Growth and Poverty Reduction
4.1 Temporal and Spatial Heterogeneity of the Links and their Strength
4.2 Growing Doubts on the Benefits of Globalisation in Developed Countries
4.3 Historical Ambivalence of Developing Countries towards Trade Openness and Multilateral Trade Agreements
4.4 Developing Countries in the WTO
4.5 Accelerating and Sustaining Growth in LDCs and Small Economies
4.6 The Voice of LDCs in International Organisations and Negotiations
4.7 Programmes of Action for the LDCs
5. Doha Round and the Least-Developed Countries
6. Making Global Partnership for Development More Effective: Some Recommendations
6.1 Is there a ‘Global Partnership for Development’?
6.2 Some Recommendations
References
Index
About the contributor
T N Srinivasan (Author)
Professor T N Srinivasan is Samuel J Park Professor of Economics at Yale University and Visiting Professor at the Stanford Center for International Development, Stanford University.Reviews
'The author does a wonderful job identifying the major issues at play and organizing the discussion in a neat - and witty - way. ... The reader is bound to find various illuminating statements – jewels of thought, actually – that Srinivasan carefully delivers to clarify the analysis.'
World Trade Review, Vol. 9 Issue 03, July 2010, 545–548
'Srinivasan's text offers an accessible introduction to the non-specialist and the university undergraduate looking to gain a better appreciation of the challenges confronting least developed countries at the present juncture.'
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