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Some Trends and Perspectives on Globalization, Economic Growth, Equality, and Development

Author: Giuseppe Ammendola
Organisation: Giuseppe Ammendola
Publish Date: August 2011
Country: Global
Sector: Development
Method: Creative thinking
Theme: Public Good
Type: Article
Language: English
Tags: Globalization, Economic growth, Equality, Development, Decision-making

The paper starts by discussing how economic growth is impacting the classification of the economies of the world. It then looks at how countries’ economies can be viewed in terms of ease of doing business, of adaptability to openness and change, and of types of capitalism adopted. In the second section, issues of economic inequality within and between the countries of the world and their citizens are examined. In the third section, the paper looks at development. It starts by briefly discussing the merits of going beyond GDP and of looking at the Human Development Index (HDI) in order to try to measure other forms of progress, such as in health and education. The paper then traces the evolution of development economics and the advice given to policy makers in developing countries, and also examines the role of institutions in development and the controversies surrounding foreign aid. It concludes by looking briefly at additional dimensions of human development such as empowerment and sustainability.
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