The Effects Of Globalization In Latin America Africa And Asia

In TheEffects of Globalization in Latin America, Africa, and Asia, Kema Irogbeargues the forces of globalization, which include the IMF/World Bank, WTO, and Western media technology, are subordinated to the interests of multinational corporations under the tutelage of a lone superpower in strangling the development efforts of poor countries. Irogbe subjects the operations and the existing relationships among these international governmental and nongovernmental actors to the test of empirical reality and logical plausibility by drawing from the experiences of a varied selection of marginalized countries, such as Venezuela, Guatemala, Mexico, Brazil in Latin America; Nigeria, South Africa, and Ghana in Africa; and Iraq, Iran, India, Afghanistan, and Vietnam in Asia. The book argues that globalization is a sophisticated lexicon for the pursuit of a homogenized political, economic, and cultural world order, which is a recipe for unending global crises.

Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].

Trade connections and cultural exchange between Africa and the rest of the global South have existed for centuries. Since the end of the Cold War, these connections have expanded and diversified dramatically, with emerging economies such as China, India, and Brazil becoming increasingly important both as sources of trade and as a destination for African migrants. But while these trends have attracted growing scholarly attention, there has so far been little appreciation of the sheer breadth and variety of this exchange, or of its deeper social impact. This collection brings together a wide array of scholarly perspectives to explore the movement of people, commodities, and ideas between Africa and the wider global South, with rich empirical case studies ranging from Senegalese migrants in Argentina to Lebanese traders in Nigeria. The contributors argue that this exchange represents a form of ‘globalization from below’ which defies many of the prevailing Western assumptions about migration and development, and which can only be understood if we consider the full range and complexity of migrant experiences. Multidisciplinary in scope, Mobility between Africa, Asia and Latin America is essential reading for students and scholars across the social sciences interested in the interconnected economic and social make-up of the global South.

This volume uses thirteen case studies to analyze the impact of economic globalization on poverty and inequality in different regions of the developing world.

Since the 1980s there has been a steady shift from West to East in the international system, economically, politically and culturally. Emerging markets in Asia have moved up the value chain of industrial production processes, while the share of Western industrialized countries in global gross domestic product has declined. Countries such as China and India are asserting themselves in security matters and seeking new avenues for investment flows and development co-operation. China’s expected shift from export-led growth to domestic consumption might further change patterns of trade and capital flows, and it is an open debate whether the growth dynamics of India might outstrip those of China. While the rise of China and other Asian powers has been studied extensively, much less work has been done on how Africa and Latin America position themselves in this process. What will the role be of Africa and Latin America in the ‘Asian Century’ and associated reconfigurations of global value chains? Will these regions be able to assert themselves and find a voice of their own? Will they manage to develop industries of their own and diversify trade relations? Will they launch new ways of regional south-south co-operation? What is the role of migrant communities and cultural exchange? Do Western and Asian approaches to these regions differ (Washington vs. Beijing consensus)? This book brings together renowned academics from Africa, Latin America, Europe and the USA, who bring refreshing perspectives on an under-researched topic, ranging from a conceptualization of the issue within new theoretical approaches, to unique case studies based on field work.

Globalization is defined in economic terms to mean freer flows of trade, foreign direct investment and finance, and liberalization of trade and investment policies. Impacts of globalization and information technology are examined in terms of growth and productivity, poverty and income distribution, and employment. Experiences of Africa, East and Southeast Asia, South Asia, and Latin America in the era of globalization are discussed. It is argued that benefits of freer trade and capital flows need to be managed carefully in order to minimise the costs and maximise gains.