Aid, Trade and Development: 50 Years of Globalization

Description

This enlightening book offers a comprehensive historical analysis of the main development challenges of the last half century and the international community’s response through aid and trade. Much has happened: the oil crises of the 1970s, the debt crises of the 1980s, the break-up of the Soviet Union in the 1990s, the Millennium Development Goals, the onslaught of Globalization and the rise of its opponents since the financial crisis of the 2000s. Through it all, development has spread and global poverty declined. The volume assesses the contributions and coherence of developing and developed country policies and the role played by global institutions entrusted with responsibilities to enhance trade and support development. The volume concludes with a focus on the prospects for the future and the changes needed to make globalization more equitable. With 50 years of professional experience in the World Bank, the WTO and bilateral aid agencies, Michalopoulos brings an insider’s perspective on the workings of these institutions and what needs to be done to make them more effective and responsive to changing global needs. Front Matter ....Pages i-xvii Aid, Trade and Development: 50 Years of Globalization (Constantine Michalopoulos)....Pages 1-7 Growth Constraints, Aid Targets and Basic Needs (Constantine Michalopoulos)....Pages 9-33 Export Pessimism and the Neoclassical Revival (Constantine Michalopoulos)....Pages 35-52 Debt and Adjustment: Muddling Through (Constantine Michalopoulos)....Pages 53-89 The Collapse of Planning and the Troubled Transition (Constantine Michalopoulos)....Pages 91-125 The Birth of the WTO (Constantine Michalopoulos)....Pages 127-163 The Many Faces of Globalization (Constantine Michalopoulos)....Pages 165-205 Millennium Aid, Trade and Development (Constantine Michalopoulos)....Pages 207-237 The Greek Crisis: Muddling Through Revisited (Constantine Michalopoulos)....Pages 239-281 The Twilight of Liberalism? (Constantine Michalopoulos)....Pages 283-313 The Future (Constantine Michalopoulos)....Pages 315-335 Back Matter ....Pages 337-353