Why have the least developed countries, and other poorer countries, failed to grow as fast as other economies during the recent period of globalisation? Professor Srinivasan explores the broad links between growth in income, globalisation, and poverty reduction. He argues that past domestic and international policies have failed to serve the interests of the poorest countries, and suggests that the current array of international institutions, in their unreformed state, are ill-suited to bring about the changes required. Finally he makes recommendations on needed reforms to the institutions that manage the global economic system.
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