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What Do We Know About Globalization?: Issues of Poverty and Income Distribution


What Do We Know About Globalization: Issues of Poverty and Income Distribution examines the two fundamental arguments that are often raised against globalization: that it produces inequality and that it increases poverty. Here Guillermo de la Dehesa, current Chairman of the Centre for Economic Policy Research (CEPR), demonstrates how, despite popular belief, acceleration of globalization actually stands to reduce the levels of poverty and inequality worldwide, and explains, in detail, the ways in which wealthy nations and developing countries alike have failed to implement changes that would result in a reversal of these social ills. Dehesa dispels the notion of the so-called 'victim of globalization', and poses the question: could increased technological, economic, and cultural change actually save the world from international income inequality; and by extension, further violence, terrorism, and war?

Guillermo de la Dehesa is the Chairman of the Centre for Economic Policy Research. He spent twenty years in various Spanish governmental positions from the late 1960s through to the 1980s. Since leaving the public sector he has held a number of chairman and chief executive positions in the private sector; he is currently Vice Chairman of Goldman Sachs Europe, Independent Director of the Santander Banking Group and of Aviva plc, and Chairman of the Instituto de Empresa Business School. He is a member of the “Group of Thirty,” a non-profit, independent consultative group which counts luminaries such as Mervyn King (Governor of the Bank of England), Larry Summers (former President of Harvard), and Paul Krugman among its ranks. Guillermo de la Dehesa is also the author of Winners and Losers in Globalization (Blackwell, 2006).
Foreword: Stanley Fischer (Bank of Israel).


1. Technical Progress and Economic Prosperity.

2. Technical Progress, Poverty, and Inequality.

3. Growth Reducing Exogenous and Structural Factors.

4. Growth Reducing Endogenous Factors.

5. The World Distribution of Income.

6. Globalization and Inequality.

7. More Developing Countries’ Access to Developed Countries’ Markets.

8. More Foreign Direct Investment to Developing Countries.

9. More Integration of Trade and Finance.

10. More and Better Development Aid.

11. More Migration.