Trade and Development Report 1997

Globalization, Distribution and Growth

image of Trade and Development Report 1997

This illuminating report sheds light on some of the pressing policy issues facing developing countries and the international community as a whole. It explores the interaction of trends in the international economy with the prospects of developing countries. The Report compares current economic performance with that of the preceeding year and examines future economic prospects at the regional and global level. This special report makes compelling reading for those seeking new knowledge and insights into the effects of globalization.



Income inequality and development

In recent years there has been increasing concern about trends in income distribution. This concern is rooted in fears that globalization and greater play of market forces are somehow accentuating inequalities at the national level. But against these fears, it has been suggested that integration into the world economy can actually resolve the apparent trade-off between growth and equity. In this respect the East Asian experience is often cited; in those countries rapid and sustained growth has supposedly been combined with low and declining inequality thanks to market-friendly, outward-oriented policies.


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