World Bank2013-06-202013-06-2020020-8213-5048-Xhttps://hdl.handle.net/10986/14051Societies and economies around the world are becoming more integrated. Integration is the result of reduced costs of transport, lower trade barriers, faster communication of ideas, rising capital flows, and intensifying pressures for mitigation. Integration--or "globalization"--has generated anxieties about rising ineuality, shifting power, and cultural uniformity. This report assesses its impact and examines these anxieties. Global integration is already a powerful force for poverty reduction, but it could be even more effective. Some, but not all of the anxieties are well-founded. Both global opportunities and global risks have outpaced global policy. The authors propose an agenda for action, both to enhance the potential of globalization to provide opportunities for poor people and to reduce and mitigate the risks it generates. This report presents three main findings that bear on current policy debates about globalization. First, poor countries with around 3 billion people have broken into the global market for manufactures and services; these "new globalizers" have experienced large-scale poverty reduction. The second finding concerns inclusion both across countries and within them; the authors highlight a range of measures that would help countries in danger of becoming marginalized become integrated with the world economy. A third issue concerns the anxiety that economic integration leads to cultural or institutional homogenization.en-USCC BY 3.0 IGOGLOBALIZATIONPOVERTY REDUCTION STRATEGIESGLOBAL INTEGRATIONINTERNATIONAL TRADETRADE POLICYCAPITAL FLOWSMIGRATION POLICYDOMESTIC POLICIESSOCIAL PROTECTION SYSTEMSCULTURAL ISSUESINTELLECTUAL PROPERTY RIGHTSTERRORISMTIMBER TREESENVIRONMENTAL AGREEMENTS & TREATIESWORLD TRADE ORGANIZATIONRULE OF LAWLABOR COSTSWORKERS REMITTANCESTRADE LIBERALIZATIONCULTURAL CONCERNSCULTURAL IDENTITYCULTURAL VALUESSTANDARDIZATIONSOCIAL POLICYLABOR STANDARDSMARGINALIZATIONTRADE POLICY REFORMAID PROGRAMS ABSOLUTE POVERTYACCOUNTING STANDARDSAGRICULTURECAPITAL ACCOUNTCAPITAL FLIGHTCAPITAL FLOWSCAPITAL MARKETSCASE STUDIESCHILD LABORCITIZENSCIVIL SOCIETYCIVIL WARCLOSED ECONOMIESCOLLECTIVE ACTIONCOLLEGE EDUCATIONCOMPARATIVE ADVANTAGECONSUMERSCONSUMPTION LEVELSCORRUPTIONDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPING WORLDDEVELOPMENT ASSISTANCEDEVELOPMENT RESEARCHDIRECT INVESTMENTECONOMIC CHANGEECONOMIC EFFECTSECONOMIC INTEGRATIONECONOMIC PERFORMANCEECONOMIC POLICIESEDUCATED WORKERSEDUCATIONAL ATTAINMENTEFFICIENT REGULATIONEMISSIONSEMPLOYMENTENVIRONMENTAL ISSUESENVIRONMENTAL POLICIESENVIRONMENTAL PROTECTIONEXPORTSFINANCIAL CRISESFINANCIAL SERVICESFOREIGN AIDGDPGDP PER CAPITAGLOBAL ECONOMYGLOBAL MARKETSGLOBAL STANDARDSGLOBAL TRADEGNPGROWTH RATEGROWTH RATESHOUSEHOLD CONSUMPTIONIMPORT TARIFFSIMPORTSINCOMEINCOME GROUPSINCOME INEQUALITYINCREASED INEQUALITYINDIVIDUAL COUNTRIESINDUSTRIALIZATIONINFLATIONINSTITUTIONAL ARRANGEMENTSINSTITUTIONAL DEVELOPMENTINSURANCEINTERNATIONAL MARKETINVESTMENT CLIMATELABOR COSTSLABOR FORCELABOR MARKETLENDING PRACTICESLIQUIDITYLOCAL CULTURELONG RUNLOW INFLATIONLOW-INCOME COUNTRIESMULTILATERAL TRADENATIONAL LEVELNON- FARM EMPLOYMENTNON-INCOME DIMENSIONSOPEN ECONOMIESPER CAPITA GROWTHPER CAPITA INCOMEPOLICY DEBATESPOLICY RESEARCHPOLLUTIONPOOR COUNTRIESPOOR PEOPLEPOOR POLICIESPOVERTY REDUCINGPOVERTY REDUCTIONPRODUCTIVITYPRODUCTIVITY GROWTHPROPERTY RIGHTSPROTECTION POLICIESPROTECTIONISMRAPID GROWTHREDISTRIBUTION POLICIESREDUCING INEQUALITYREDUCING POVERTYRELATIVE WAGERICH COUNTRIESRULE OF LAWRURAL AREASRURAL POORRURAL POVERTYSERVICE PROVISIONSKILLED WORKERSSOCIAL POLICIESSOCIAL PROTECTIONSOCIAL SECURITYTARIFF BARRIERSTERMS OF TRADETIMBERTRADE BARRIERSTRADE LIBERALIZATIONTRADE OPENNESSTRADE POLICIESTRADE POLICYTRADE SHOCKSTRANSITION ECONOMIESTRANSPARENCYUNEMPLOYMENTURBAN AREASWAGESWEALTHWORLD INEQUALITYWORLD TRADE ORGANIZATIONWTOWorld Bank10.1596/0-8213-5048-X