Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Full Access The Wealth (and Want) of Nations: The Impact of Economic Globalization on the Developing World

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

The Wealth (and Want) of Nations: The Impact of Economic Globalization on the Developing World

  • PDF
Add to Favorites
You must be logged in to use this functionality

image of Perspectives on Global Development and Technology
For more content, please see Journal of Developing Societies.

AbstractIn this article I review the literature on four outcomes of economic globalization: growth, wages, poverty, and inequality. Special attention is given to the importance of these outcomes for people of developing nations. Findings in the literature show a correlation between economic globalization and economic growth, but the relationship is much stronger for some nations than for others. Evidence on wages also shows uneven benefits from economic globalization. The evidence on poverty is inconclusive, while several authors note growing inequality within nations. These studies highlight the need for more research that includes extraneous factors, such as foreign aid and remittances. Further research also should refine the unit of analysis and gather extensive data from the informal sector.

Affiliations: 1: Department of Sociology and Anthropology University of Toledo, Email:, URL:


Full text loading...


Data & Media loading...

1. Alesina A. , Gilli V. , Milesi-Ferretti G. M. Leiderman L. , Razin A. "“The political economy of capital controls”" Capital Mobility: The Impact on Consumption, Investment and Growth 1994 Cambridge Cambridge University Press, Cambridge 289 328
2. Alesina A. , Perotti R. "“Income distribution, political instability and investment”" European Economic Review 1996 Vol 40 6 1203 1228
3. Arbache J. S. , Dickerson A. , Green F. "“Trade liberalisation and wages in developing countries”" Economic Journal 2004 Vol 114 F73 F96
4. Babb F. "“The social consequences of structural adjustment: Recent evidence and current debates”" Annual Review of Sociology 2005 Vol 31 199 222
5. Becker G. , et al "“The quantity and quality of life and the evolution of world inequality”" American Economic Review 2005 Vol 95 1 277 291
6. Bhagwati J. In Defense of Globalization 2004 New York Oxford University Press
7. Bittencourt M. , et al "“Regional short-run effects of trade liberalization in Brazil”" Economic Systems Research 2010 Vol 22 1 65 85
8. Borensztein E. , de Gregorio J. , Lee J. W. "“How does foreign direct investment affect economic growth?”" Journal of International Economics 1998 Vol 45 115 135
9. Borras S. M. "“‘Free market’, export-led development strategy and its impact on rural livelihoods, poverty and inequality: The Philippine experience seen from a Southeast Asian perspective”" Review of International Political Economy 2007 Vol 14 1 143 175
10. Bourguignon F. , Ferreira F. , Lustig N. The Microeconomics of Income Distribution Dynamics in East Asia and Latin America 2005 Washington, DC The World Bank
11. Bussolo M. , Niimi Y. "“Do regional trade pacts benefit the poor? An illustration from Dominican Republic-Central American Free Trade Agreement in Nicaragua”" World Development 2009 Vol 37 1 146 160
12. Cardero E. , et al "“What is wrong with economic liberalization? The Mexican case”" Investigacion Economica 2006 Vol 65 19 43
13. Carr M. , Alter Chen M. "“Globalization and the informal economy: How global trade and investment impact on the working poor”" WIEGO Paper 2001 Retrieved July 15, 2011 from
14. Chanda A. "“The influence of capital controls on long run growth: Where and how much?”" Journal of Development Economics 2005 Vol 77 2 441 466
15. Cragg M. I. , Epelbaum M. "“Why has wage dispersion grown in Mexico? Is it incidence of reforms or growing demand for skills?”" Journal of Development Economics 1996 Vol 51 99 116
16. Dollar D. "“Outward-oriented developing economies really do grow more rapidly: Evidence from 95 LDCs, 1976-85”" Economic Development and Cultural Change 1992 Vol 40 3 523 544
17. Dollar D , Kraay A. "“Trade, growth, and poverty”" World Bank Discussion Paper 2001 Washington, DC.
18. Dreher A. "“Does globalization affect growth?”" Working Paper 2002 University of Mannheim, Lehrstuhl fur Volkswirtschaftslehre
19. Dugger C. "“CARE turns down federal funds for food aid”" New York Times 2007 August 16
20. Easterly W. The White Man’s Burden: Why the West’s Efforts to Aid the Rest have done so Much Ill and so Little Good 2006 Oxford Oxford University Press
21. Edwards J. A. , Ginn V. "“Evaluating growth volatility susceptibility within regional free trade agreements”" International Journal of Finance & Economics 2011 Vol 16 1 32 40
22. Feenstra R. C. , Hanson G. "“Foreign direct investments and relative wages: Evidence from Mexico’s maquiladoras”" Journal of International Economics 1997 Vol 42 371 394
23. Feliciano Z. "“Workers and trade liberalisation: The impact of trade reforms in Mexico on wages and employment”" Industrial and Labor Relations Review 2001 Vol 55 95 115
24. Ferreira F. , Ravallion M. "“Global poverty and inequality: A review of the evidence”" Policy Research Working Paper No.4623 2008 Washington, DC The World Bank
25. Flanagan R. Globalization and Working Conditions: Working Conditions and Worker Rights in a Global Economy 2006 Oxford Oxford University Press
26. Frankel J. , Romer D. "“Trade and growth: An empirical investigation”" NBER Working Paper 5476 1996
27. Green F. , Dickerson A. , Arbache J. S. "“A picture of wage inequality and the allocation of labour through a period of trade liberalisation: The case of Brazil.”" World Development 2001 Vol 29 1923 1939
28. Hancock G. The Lords of Poverty: The Power, Prestige and Corruption of the International Aid Business 1989 New York Atlantic Press Monthly
29. Hanson G. H. , Harrison A. "“Trade liberalisation and wage inequality in Mexico”" Industrial and Labor Relations Review 1999 Vol 52 271 288
30. ILO. Women and Men in the Informal Economy: A Statistical Picture 2002 Geneva International Labor Organization
31. Isaak R. The Globalization Gap: How the Rich Get Richer and the Poor get Left further Behind 2007 Upper Saddle River, NJ Prentice Hall
32. Ivanic M. , Martin W. , Zaman H. "“Estimating the short-run poverty impacts of the 2010-11 surge in food prices”" Policy Research Working Paper 5633 2011 Washington, DC The World Bank
33. Kahneman D. , Deaton A. "“High income improves evaluation of life but not emotional well-being”" PNAS 2011 Retrieved July 15, 2011 from
34. Kline N. The Shock Doctrine: The Rise of Disaster Capitalism 2008 New York Metropolitan Books
35. Lee H. , Sohn C. H. "“Trade structure, FTAs, and economic growth.”" Review of Development Economics 2010 Vol 14 3 683 698
36. Marber P. From Third World to World Class: The Future of Emerging Markets in the Global Economy 1998 Reading, MA Perseus Books
37. Maren M. The Road to Hell: The Ravaging Effects of Foreign Aid and International Charity 1997 New York The Free Press
38. Milanovic B. "“The two faces of globalization: Against globalization as we know it”" World Development 2004 Vol 31 667 684
39. Moyo D. Dead Aid: Why Aid is not Working and How there is a Better Way for Africa 2009 New York Farrar, Straus and Giroux
40. MPI. "“Variable impacts: State-level analysis of the slowdown in the growth of remittances to Mexico”" Migration Facts 19 2007 September. Retrieved July 15, 2011 from
41. Niazi T. "“Globalization, resource conflicts and social violence in South Asia”" International Journal of Contemporary Sociology 2008 Vol 45 1 185 208
42. Page J. , Plaza S. "“Migration remittances and development: A review of global evidence”" Journal of African Economies 2006 Vol 15 Supplement 2 245 336
43. Pickett K. , Wilkinson R. The Spirit Level: Why Greater Equality Makes Societies Stronger 2009 New York Bloomsbury Press
44. Reddy S. "“A capability-based approach to estimating global poverty”" UNDP International Poverty Centre, In Focus 2004 September
45. Robbins D. J. "“Worsening relative wage dispersion in Chile during trade liberalisation, and its causes: Is supply at fault?”" Development Discussion Papers No. 484 1994 Harvard Institute for International Development, Harvard University
46. Robbins D. J. , Gindling T. H. "“Trade liberalisation and the relative wages for more-skilled workers in Costa Rica”" Review of Development Economics 1999 Vol 3 140 154
47. Robertson R. "“Has NAFTA increased labor market integration between the United States and Mexico?”" World Bank Economic Review 2005 Vol 19 3 425 448
48. Rodrik D. Has Globalization Gone too Far? 1997 Washington, DC Institute for International Economics
49. Sachs J. , Warner A. "“Economic reform and the process of global integration”" Brookings Papers on Economic Activity 1995 Vol 1 1 118
50. Scheper-Hughes N. Death without Weeping: The Violence of Everyday Life in Brazil 1992 Berkeley University of California Press
51. Squires A. "“The North American Free Trade Agreement (NAFTA) and Mexican nursing”" Health Policy and Planning 2011 Vol 26 2 124 132
52. Srinivasan T. N. "“The unsatisfactory state of global poverty estimation”" UNDP International Poverty Centre, In Focus 2004 September
53. Wacziarg R. , Horn Welch K. "“Trade liberalization and growth: New evidence”" The World Bank Economic Review 2008 Vol 22 2 187 232
54. Wade R. H. "“Is globalization reducing poverty and inequality?”" World Development 2004 Vol 32 567 590
55. Waldkirch A. "“The effects of foreign direct investment in Mexico since NAFTA”" World Economy 2010 Vol 33 5 710 745
56. Xiaoling S. , et al "“Global economy and gender inequalities: The case of the urban Chinese labor market”" Social Science Quarterly 2007 Vol 88 5 1307 1332

Article metrics loading...



Can't access your account?
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation