Civilising Globalization: Is Globalization Making World Poverty Worse?

Posted: July 4, 2011 by Alison in Articles/Essays
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Below is the introduction to an article that might be of interest to many.  Please check out the entire blog entry by clicking the link below.

Essay written by Giancarlo de Vera (c) 2011

Executive Summary
There has been a general argument that endogenous growth has had beneficial effects on the world’s poorest, however as this essay will argue the causal relationship between globalization and poverty has not been clearly specified or explained in the literature largely because of questionable empirical data analysis on both sides of the debate. Thus, this essay will examine the empirical methods used in analysing the data, focusing heavily on cross-country regression analyses, to highlight an epistemological impasse that has been reached in the literature. This essay will then highlight how the empirical findings are not linked effectively with policy conclusions, which has resulted in a policy mix not beneficial to the world’s poor. The paper will then examine the incipient literature that aims to clarify the relationship between the political cultural, and of course, the economic dimensions of globalization, noting the absence of, and opposition to the construction of, a theoretical bridge between micro and macroeconomic analyses of globalization. This essay will then explore how this theoretical bridge can be constructed when we begin to understand that globalization as a dialectical process, whose political responses are conditioned by local factors. Through this understanding, this paper concludes a basis for a more civilized form of globalization emerges, which its absence prior underpinned the difficulties faced in answering the complex question of whether globalization has made world poverty worse.


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