<i>‘The Global Development Network encourages policy-relevant research from developing countries. This volume assembles some results of this important work, focused here on the influence of policy on foreign trade, migration, and investment and of their influence in turn on growth and poverty in developing countries. Analysis of these influences on particular countries is an essential complement to the large-scale cross-country studies that have become so fashionable. Indeed, this detailed work casts doubt on the generality of some conventional wisdom, although not on the proposition that developing countries can gain significantly from engagement with the world economy. A most useful addition to the policy-relevant literature on developing countries.’</i>
- Richard N. Cooper, Harvard University, US,
The book focuses on three areas of interaction between developed countries and the rest of the world: trade, migration and foreign direct investment. Global Exchange and Poverty is a great accompaniment to the ongoing debate surrounding OECD policy coherence. By tracing the link between OECD policy and poverty in the developing world, the authors provide the inputs necessary to make policy mutually consistent and coherent within each developed country and coordinated across developed countries in order to avoid contradictions and cumulative unintended consequences.
As one of the first books to trace the impact of OECD-country policies on poverty in the developing world, this book will appeal to post-graduate students studying development, particularly poverty, trade, investment and migration. Development practitioners concerned with developed-country policies will also find this of great benefit.