Lecture9 - Lecture 9(Feb 12 Globalization and Poverty Globalization and inequality Globalization and poverty Trade liberalization and poverty Most

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Lecture 9 (Feb 12) Globalization and Poverty z Globalization and inequality z Globalization and poverty
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Trade liberalization and poverty z Most economists agree that trade and capital flows facilitate poverty alleviation. 1. Trade accelerates economic growth, which is beneficial to the poor. (1) Economic growth should reduce poverty. (2) Trade should promote economic growth.
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2. Trade can directly alleviate poverty by increasing wages and employment of the poor. -> The World Bank (2001b) views the removal of protectionist measures such as _______________________as an important means to reduce global poverty. -> This is because trade liberalization makes developed countries open their markets to ________________, such as agriculture, food, and goods manufactured by unskilled labor. -> 3. Trade can indirectly reduce poverty by raising ____________, reducing ______________, and protecting countries from _________________.
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Capital liberalization and poverty 1. Financial openness promotes economic growth, which in turn benefits the poor. -> Increased loans or portfolio investments supplement _______________________ in LDCs, which fosters economic growth. -> In particular, FDI raises _______________and economic
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This note was uploaded on 04/09/2008 for the course POL SCI 139 taught by Professor Ha during the Winter '08 term at UCLA.

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Lecture9 - Lecture 9(Feb 12 Globalization and Poverty Globalization and inequality Globalization and poverty Trade liberalization and poverty Most

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