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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