Trade, Globalisation and Development

  • Peter de Haan


This first section of this chapter includes a brief overview of trade theories, followed by a presentation of globalisation’s positive effects and its downsides. Section 7.4 explains how the spirit of multilateralism came about and which institutions were created to regulate international trade. Finally, two questions are dealt with: (i) to what extent developing countries benefit from international trade and globalisation, and (ii) what can be done to let developing countries benefit more from international trade and globalisation?


International trade theories Pros and cons of globalisation GATT UNCTAD WTO Multilateralism under threat International trade and developing countries 


  1. Altenburg, T., & Lütkenhorst, W. (2015). Industrial Policy in Developing Countries, Failing Markets, Weak States. Cheltenham: Edward Elgar.CrossRefGoogle Scholar
  2. Baldwin, R. (2016). The Great Convergence; Information Technology and the New Globalization. Cambridge: The Belknap Press.Google Scholar
  3. Benham, F. (1961). Economic Aid to Underdeveloped Countries. London: Oxford University Press.Google Scholar
  4. Bhagwati, J. (2004). In Defense of Globalization. Oxford: Oxford University Press.Google Scholar
  5. Cashin, P., & McDermott, J. (2001). The Long-Run Behavior of Commodity Prices: Small Trends and Big Volatility. IMF Working Paper, Nr. 01/68.Google Scholar
  6. Collier, P. (2007). The Bottom Billion. Oxford: Oxford University Press.Google Scholar
  7. De Haan, P. (2006). Development in Hindsight; The Economics of Common Sense. Amsterdam: KIT Publishers.Google Scholar
  8. Dollar, D., & Kraay, A. (2002). Growth Is Good for the Poor. Journal of Economic Growth, 7(3).Google Scholar
  9. Dosman, E. (2008). The Life and Times of Raúl Prebisch, 1901–1986. Montreal: McGill-Queen’s University Press.Google Scholar
  10. Greenaway, D., Morgan, W., & Wright, P. (2002). Trade, Liberalisation and Growth in Developing Countries. Journal of Development Economics, 67(1).Google Scholar
  11. ILO. (2004). A Fair Globalization: Creating Opportunities for All. Geneva: ILO.Google Scholar
  12. Krugman, P., & Venables, A. (1995, November). Globalization and the Inequality of Nations. The Quarterly Journal of Economics, CX(4).Google Scholar
  13. Lang, V., & Mendes Tavares, M. (2018). The Distribution of Gains from Globalization. IMF Working Paper 18/54.Google Scholar
  14. Lin, J. (2012). Demystifying the Chinese Economy. Cambridge: Cambridge University Press.Google Scholar
  15. Luce, E. (2017). The Retreat of Western Liberalism. London: Little Brown.Google Scholar
  16. Maddison, A. (1995). Monitoring the World Economy 1820–1992. Paris: OECD.Google Scholar
  17. McCulloch, R. (2005). Protection and Real Wages: The Stolper-Samuelson Theorem. In M. Szenberg (Ed.), Samuelsonian Economics in the 21st Century.Google Scholar
  18. Michalopoulos, C. (2017). Aid, Trade and Development; 50 Years of Globalization. London: Palgrave Macmillan.CrossRefGoogle Scholar
  19. Milanovic, B. (2005). Can We Discern the Effects of Globalization on Income Distribution? World Bank Economic Review, 19(1).Google Scholar
  20. Milanovic, B. (2016). Global Inequality; A New Approach for the Age of Globalization. Cambridge: The Belknap Press.CrossRefGoogle Scholar
  21. Olson, M. (1996, Spring). Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor. The Journal of Economic Perspectives, 10(2).Google Scholar
  22. Ravallion, M. (2006). Looking Beyond Averages in the Trade and Poverty Debate. World Development, 34(8).Google Scholar
  23. Rodrik, D. (1998). The New Global Economy: Making Openness Work. Policy Essay No. 24. Baltimore: Johns Hopkins University Press.Google Scholar
  24. Rodrik, D. (2011). The Globalization Paradox; Democracy and the Future of the World Economy. New York: W.W. Norton.CrossRefGoogle Scholar
  25. Sachs, J., & Warner, A. (1995). Economic Reform and the Process of Global Integration. Brookings Papers on Economic Activity, 1.Google Scholar
  26. Special Report on Migration. (2019). The Economist, November 16.Google Scholar
  27. Stiglitz, J. (2002). Globalization and Its Discontent. New York: W.W. Norton.Google Scholar
  28. Stiglitz, J. (2006). Making Globalization Work. New York: W.W. Norton.Google Scholar
  29. Stiglitz, J. (2017). Globalization and Its Discontents, Revisited. London: Penguin Books.Google Scholar
  30. Survey on Globalisation. (2016). The Economist, October 1.Google Scholar
  31. The Growth Report; Strategies for Sustained Growth and Development. (2008). Washington: World Bank.Google Scholar
  32. Thirlwall, A., & Pacheco-López, P. (2017). Economics of Development (10th ed.). London: Palgrave Macmillan.CrossRefGoogle Scholar
  33. UNIDO. (2018). Industrial Development Report 2018. Vienna: UNIDO.Google Scholar
  34. Wickstead, M. (2015). Aid and Development. Oxford: Oxford University Press.CrossRefGoogle Scholar
  35. Wolf, M. (2004). Why Globalization Works. New Haven: Yale University Press.Google Scholar
  36. World Bank. (2001). World Development Report 2000/2001. Washington: World Bank.Google Scholar
  37. World Bank. (2002). Globalization, Growth and Poverty; Building an Inclusive World Economy. World Bank Policy Research Report. Washington: World Bank.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2020

Authors and Affiliations

  • Peter de Haan
    • 1
  1. 1.The HagueThe Netherlands

Personalised recommendations