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.

Ending poverty continues to be a major challenge for the global community. It is even more urgent and relevant today when the world is facing the covid-19 pandemic as it was two decades ago, when four women rose to prominent positions as ministers in charge of international development in their governments.Ending Global Poverty: Four Women's Noble Conspiracytells the story of Eveline Herfkens from the Netherlands, Hilde F. Johnson from Norway, Clare Short from the United Kingdom, and Heidemarie Wieczorek-Zeul from Germany who joined forces to challenge the establishment policies of international institutions. Named for the Norwegian Abbey where the formalized their collaboration in 1999, the so-called Utstein Four embarked on a 'conspiracy of implementation', using foreign aid as a tool to end global poverty, rather than pursue narrow political or commercial interests. They helped achieve primary education for women, used developing countries' debt relief to lift individuals out of poverty, and put development partners in charge of setting priorities and implementing programs of assistance. Their story of female empowerment and the importance of working together is a crucial lesson, andEnding Global Povertyfocuses on the implications of this for today's development challenges, including the struggle to achieve the 2030 Sustainable Development Goals which is becoming more difficult every day. The Utstein Four's collaboration lasted for only about half a dozen years but their influence continues to be felt. Much has been achieved but some lessons have been forgotten and large new challenges remain.Ending Global Poverty: Four Women'sNobel Conspiracyconsiders the lasting legacy of the Utstein group and the lessons that their experience of commitment, collaboration and leadership offers to a new generation of leaders as they work to eradicate global poverty and achieve sustainable development.

This enlightening book offers a comprehensive historical analysis of the main development challenges of the last half century and the international community's response through aid and trade. Much has happened: the oil crises of the 1970s, the debt crises of the 1980s, the break-up of the Soviet Union in the 1990s, the Millennium Development Goals, the onslaught of Globalization and the rise of its opponents since the financial crisis of the 2000s. Through it all, development has spread and global poverty declined. The volume assesses the contributions and coherence of developing and developed country policies and the role played by global institutions entrusted with responsibilities to enhance trade and support development. The volume concludes with a focus on the prospects for the future and the changes needed to make globalization more equitable. With 50 years of professional experience in the World Bank, the WTO and bilateral aid agencies, Michalopoulos brings an insider's perspective on the workings of these institutions and what needs to be done to make them more effective and responsive to changing global needs.

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.