Poor people like globalization

David Dollar—an author of some of the most interesting recent “work (link to World Bank, download Dollar paper)”:http://econ.worldbank.org/view.php?type=5&id=1696 on the relationship of trade, growth and poverty aleviation in developing countries— “finds”:http://yaleglobal.yale.edu/display.article?id=1934 that people in the poorest countries are the most positive about globalization.

image from Yale Global

Writing for “Yale Global (Yale Global web site)”:http://yaleglobal.yale.edu/ Dollar notes that people from low-income countries interviewed in a recent Pew Global Survey “‘Views of a Changing World'(link to Pew Global Survey short report)”:http://people-press.org/reports/display.php3?ReportID=185 were much more positive about the indicators of globalization than people in rich, industrialized countries. To an extent, the more positive views of the poor reflect the fact that poorer countries have been the biggest winners from globalization since it re-emerged in the late 1970s. Developing economies’ incomes and share of world trade ahs on average have grown much more rapidly than that of developed economies. The consequence, as David Dollar and Art Kray have argued, is that the poor in these countries have been winners from globalization. bq. “In Sub-Saharan Africa 75% of households thought that multinational corporations had a positive influence on their country, compared to only 54% in rich countries. Views of the effects of the WTO, World Bank, and IMF on their country were nearly as positive in Africa (72%). On the other hand, only 28% of respondents in Africa thought that anti-globalization protestors had a positive effect on their country. Protesters were viewed more positively in the U.S. and West Europe (35%)”.
The ‘losers’ have been those workers in declining industries in developed economies whose poor education or circumstances have not allowed them to adjust quickly to the arrival of import competition from developing countries.

image from Yale Global

  It’s interesting to note that the Pew survey report also details the poor credibilty of the globalization rioters. bq. “… people generally have a negative view of anti-globalization protesters. The French give higher ratings to multinational corporations than to the protesters. And in Italy, site of a major clash in 2001 between police and anti-globalization forces in Genoa, the public by nearly two-to-one (51%-27%) says the protesters are having a bad influence on the country.”

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