Aid, Trade and Development

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.

• Imports and exports
• Trade policy
• Commodity Trade Agreements
• Debt Relief
• The Washington Consensus
• World Trade System
• Central Planning
• Russia, Eastern Europe and the Balkans
• Commonwealth of Independent States (CIS)
• the Monterrey Conference
• The Doha Round
• Preferential Trade Agreements
• Millennium Development Goals
• Development Economics
• Poverty, Aid and Development
• Globalization
• World Bank
• World Trade Organization (WTO)
• Bilateral aid agencies
• Global poverty

“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

• Lusby, USA

  Constantine Michalopoulos

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.