Aid, Trade and Development: 50 Years of Globalization

Abstract

Developing countries have made tremendous progress in reducing poverty over the last 50 years. More open societies and more open economies have contributed to this progress as has international cooperation in support of development. This volume traces the evolution of thinking and practice of developed and developing country policies on trade and foreign aid which have shaped the external environment within which development has taken place this past half-century. The concluding section provides some answers to the challenges presented by anti-globalization forces in the developed world that question the principles on which international cooperation has been based and threaten to undermine future progress.