Fluctuations in international trade, financial markets, and commodity prices, as well as the tendency of institutions to favour the interests of the better-off and powerful, pose risks for citizens of all countries. This volume examines the factors that are most likely to facilitate economic growth in low-, middle-, and high-income economies.
In the aftermath of the global financial crisis, with future growth in advanced economies potentially slower, many developing economies are facing the risk of adverse implications for poverty reduction and development. This book pays much-needed attention to identifying the most appropriate policy responses, at both national and global level, to address looming risks and restore strong and sustainable growth while advancing social progress. The analyses and proposals are set to inform many ongoing policy debates about how to make progress, in a post crisis environment, towards an open and welfare-enhancing global economy. Critical issues such as global governance, the relationship between finance and economic growth, income inequality, and environmental sustainability are explored in depth, with a global perspective serving to detect and analyze key changes and challenges that might influence long-term growth trends and their distributional consequences.
