This volume presents a broad sweep of modern economic history underpinning aid, trade, development and globalization in the last half century and the salient challenges facing the global community today. The author draws on his long years as an academic and development practitioner to recommend what needs to be done to cope with the backsliding of the fight against global poverty, fractured geopolitics and the threats to the multilateral economic order. The new, revised edition analyses how unilateralism, rising protectionism and the Covid-19 pandemic seriously threaten global sustainable development. It concludes with recommendations on the policy changes needed to make globalization more equitable and development more sustainable. This book will be of interest to researchers and students of economic development and economic history, as well as all those concerned about global inequality and sustainability.
Chapter 1: Introduction.- Chapter 2: Growth Constraints, Aid Targets and Basic Needs.- Chapter 3: Export Pessimism and the Neoclassical Revival.- Chapter 4: Debt and Adjustment: Muddling Through.- Chapter 5: The Collapse of Planning and the Troubled Transition.- Chapter 6: The Birth of the WTO.- Chapter 7: The Many Faces of Globalization.- Chapter 8: Millennium Aid, Trade and Development.- Chapter 9: The Financial Crisis and Its Aftermath.- Chapter 10. The SDGs.- Chapter 11. The Challenges Facing the Eurozone.- 12. The WTO Endangered.- Chapter 13. The Pandemic and Its Implications.- Chapter 14. The Future: The Challenge of Reviving Multilateralism.
Constantine Michalopoulos has worked on and written about economic development and poverty eradication for more than half a century. He held several senior positions at the World Bank, served as Chief Economist of USAID and as advisor to governments and international organizations including the IMF, WTO, UNCTAD, the UK DFID and, most recently ELIAMEP, on trade, finance and development. Between 2012 and 2019 he was Visiting Scholar and taught at Johns Hopkins University in the United States.
"This book presents a comprehensive account of sustainable development prospects through an analysis of the history, present, and future of multilateralism in the face of globalization. The book ... warns of the dangers that loom for the future of sustainable development in developing countries. Many scholars and researchers in the field of development economics and politics as well as international development practitioners, can gain from the wealth of knowledge and experience showcased in this book." (Nafeesat Adejoke Rabiu-Adebayo, Political Studies Review, May 15, 2023)
