Aid, Trade and Development: The Future of Globalization

by Constantine Michalopoulos

Overview

This volume presents a broad sweep of modern economic history underpinning aid, trade, development and globalization in the last half century and the salient challenges facing the global community today. The author draws on his long years as an academic and development practitioner to recommend what needs to be done to cope with the backsliding of the fight against global poverty, fractured geopolitics and the threats to the multilateral economic order. The new, revised edition analyses how unilateralism, rising protectionism and the Covid-19 pandemic seriously threaten global sustainable development. It concludes with recommendations on the policy changes needed to make globalization more equitable and development more sustainable. This book will be of interest to researchers and students of economic development and economic history, as well as all those concerned about global inequality and sustainability.

Product Details

ISBN-13:	9783030960360
Publisher:	Palgrave Macmillan
Publication date:	05/03/2022
Sold by:	Barnes & Noble
Format:	eBook
File size:	630 KB

About the Author

Constantine Michalopoulos has worked on and written about economic development for more than half a century. Between 1982-2001 he was a senior official at the World Bank. Before that he was Chief Economist of the US Agency for International Development. Between 1997-1999, he served as Special Advisor at the WTO. Following his retirement from the World Bank he served as a development advisor to governments and international organizations including the IMF, UNCTAD, the EU Commission, GTZ and the UK DFID on international trade, finance, and development. Most recently he was appointed Senior Advisor at the Hellenic Foundation for European and Foreign Policy, in Athens, Greece. He has also taught economics at several US universities, and is the author of several books and over 100 articles and monographs. Dr. Michalopoulos is a graduate of Athens College and holds a PhD in economics from Columbia University in New York City, USA.

Table of Contents

Chapter 1: Introduction.- Chapter 2: Growth Constraints, Aid Targets and Basic Needs.- Chapter 3: Export Pessimism and the Neoclassical Revival.- Chapter 4: Debt and Adjustment: Muddling Through.- Chapter 5: The Collapse of Planning and the Troubled Transition.- Chapter 6: The Birth of the WTO.- Chapter 7: The Many Faces of Globalization.- Chapter 8: Millennium Aid, Trade and Development.- Chapter 9: The Financial Crisis and Its Aftermath.- Chapter 10. The SDGs.- Chapter 11. The Challenges Facing the Eurozone.- 12. The WTO Endangered.- Chapter 13. The Pandemic and Its Implications.- Chapter 14. The Future: The Challenge of Reviving Multilateralism. 

 

What People are Saying About This

From the Publisher

“This is a very well written book, technically sound, and a great source of material for anyone who wants to understand the factors that have shaped much of international economics for the past half century. This new edition adds useful perspective on the implications of the new challenges facing developing countries as a result of the pandemic and increased unilateralism and protectionism in the North. More tellingly, Michalopoulos writes with passion on developments that he knows very well and cares deeply about."

—K.Y. Amoako, President of the African Center for Economic Transformation, Ghana

"In this new edition, Michalopoulos adds valuable new insights on critical current issues, making his panoramic overview of the global economy even more incisive."

—Danny Leipziger, Professor of International Business and International Affairs, George Washington University, United States

“As its predecessor, this book is coolly realistic and solidly grounded on empirical evidence. But it also offers a vision of the policies required to reverse the troublesome changes of the last few years, while at the same time recognizing the imperative of greater inclusiveness of groups and countries left behind by the earlier globalization waves. Both the analysis and the vision outlined by Michalopoulos will contribute substantially to the international debate and actual initiatives on international trade and on development prospects of poor countries.”

—Salvatore Schiavo-Campo, former Senior Adviser at the Asian Development Bank, Philippines author of Running the Government.

“Getting aid and trade policy to support sustainable development is not easy. Michalopoulos’ new book tells the story of past progress and failures over the last half century. In recent years we have gone backwards. The author argues that the global community should live up to its commitments to help end global poverty and that we cannot prevent disastrous climate change and ecological collapse without a renewed commitment to multilateral cooperation. Developing countries must receive the support promised in Glasgow at COP26. The book is readable and authoritative. If we are to do better, we must build on the lessons of the past and this volume will help enormously.”

— Clare Short, former Secretary of State for International Development, United Kingdom

Editorial Reviews

This book presents a comprehensive account of sustainable development prospects through an analysis of the history, present, and future of multilateralism in the face of globalization. The book ... warns of the dangers that loom for the future of sustainable development in developing countries. Many scholars and researchers in the field of development economics and politics as well as international development practitioners, can gain from the wealth of knowledge and experience showcased in this book.” (Nafeesat Adejoke Rabiu-Adebayo, Political Studies Review, May 15, 2023)

From the Publisher