A rapid rise in globalization has fueled the integration of international economies leading to increased trade, foreign investment, and economic growth. Yet, the world’s poorest citizens and most fragile and developing economies are challenged by the costs of this global marketplace.
On May 16, Brookings Global Economy and Development program hosted the release of a study, “The Impact of Globalization on the World’s Poor,” in coordination with scholars from the World Institute for Development Economics Research of the United Nations University and the Center for Global Development. Panelists discussed the main findings of the research, its relevance to current policy issues, and possible strategies that would better harness the benefits of globalization in favor of the world’s poor. Experts include: Carol Graham, Machiko Nissanke, Erik Thorbecke and Nancy Birdsall.
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Moving beyond GDP: Sustainability, resilience, and inclusiveness for economic development
Africa is the world's breadbasket—or should be. It has vast arable land, grows a wide variety of crops and has vast irrigation potential with seven major rivers. Yet, Africa imported $43 billion worth of food items in 2019. Digital technologies ... are eliminating the traditional inefficiencies of smallholder food production and helping to close the yield gap.