Question 3 presentation - Globalisation Poverty and...

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Globalisation, Poverty and Inequality: Between a rock and a hard place Kaplinsky, 2005 By Shannon Malgas
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Does it matter how a country engages in globalisation rather than simply whether it does? Simple answer YES Participating in globalisation is advocated by various people and institutions stemming back to Mercantilism, Adam Smith, Ricardo, etc. Theories of gains from trade and convergence. It has come to light however that it is still possible for countries to become worse off as a result.
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Changing means of participation Before 1971 strong focus on commodities exports in developing countries. Experienced diminishing terms of trade compared to manufactured goods. Shift towards industrialisation. This too saw diminishing income stemming from an inability to insulate themselves against intense global competition.
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Countries do not always get it right. Declining unit prices in jeans manufacturing in the Dominican Republic
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