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Globalization might enable economies to
access large markets, reach a greater
diversity of product benefits from higher
inflows of capital, and gain from
technological progress.
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Significant
portion of industrial capital has ended up
in developing countries, especially in the
form of FDI and portfolio capital. But not
all developing countries have benefited
equally.
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The share
of the trade of goods of all developing
countries in total world trade has risen
from 23% in 1985 to 29% in 1995. This is at
time when world trade has grown considerably
faster than world national income.
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The
pattern of trade has also improved with
developing countries. Between 1985-1995 the
share of manufacturing products in these
countries’ total exports rose from 47% to
83% in Latin American countries. The share
in world trade of other region has fallen,
in particular for Africa and the Arab
countries since the 1980.
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More Resources |
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Köhler, Horst (2003)
Toward a
Better Globalization
Inaugural Lecture on the
Occasion of the Honorary Professorship Award
at the Eberhard Karls University in Tübingen.
(Tübingen: Eberhard Karls University)
|
|
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International Monetary Fund
(2000)
Globalization:
Threat or Opportunity?
(Washington: IMF)
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Crafts, Nicholas
(2000)
"Globalization
and Growth in the Twentieth Century"
(Washington D.C.: IMF) |
