Development through Globalization?

  • Deepak Nayyar
Chapter
Part of the Studies in Development Economics and Policy book series (SDEP)

Abstract

Globalization, which gathered momentum during the last quarter of the twentieth century, has created unparalleled opportunities and posed unprecedented challenges for development. Yet, the virtual ideology of our times has transformed globalization from a descriptive word into a prescriptive word. But the reality that has unfolded so far belies the expectations of the ideologues. The exclusion of countries and of people from globalization, which is partly attributable to the logic of markets, is a fact of life. Even so, there is a strong belief and an influential view that globalization is the road to development during the first quarter of the twenty-first century.1 In a volume that seeks to think ahead about the future of development economics, development through globalization is an appropriate theme. It is even more appropriate, perhaps, with a question mark at the end.

Keywords

World Economy Market Failure Good Governance Domestic Firm International Context 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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© United Nations University 2007

Authors and Affiliations

  • Deepak Nayyar

There are no affiliations available

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