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Human Development Report 1999

image of Human Development Report 1999
The 1999 Human Development Report argues that globalization is more than the flow of money and commodities - it is the growing interdependence of the world's people through 'shrinking space, shrinking time and disappearing borders'. It notes that markets have been allowed to dominate the process of globalization, and the benefits and opportunities have not been shared. The Report recommends an agenda for action: reforms of global governance to ensure greater equity, new regional approaches to collective action and negotiation, and national and local policies to capture opportunities in the global marketplace and translate them more equitably into human advance.

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Human development in this age of globalization

Globalization, a dominant force in the 20th century’s last decade, is shaping a new era of interaction among nations, economies and people. It is increasing the contacts between people across national boundaries—in economy, in technology, in culture and in governance. But it is also fragmenting production processes, labour markets, political entities and societies. So, while globalization has positive, innovative, dynamic aspects—it also has negative, disruptive, marginalizing aspects.

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