Asia is widely regarded as having benefited most from the dynamic growth effect of the recent wave of globalization. By examining mechanisms at work in the globalization-poverty nexus through specific case studies reflecting different settings, the book seeks to find ways to rediscover and resume a pattern of shared growth in Asia

While the economic opportunities offered by globalization can be large, a question is often raised as to whether the actual distribution of gains is fair, in particular, whether the poor benefit less than proportionately from globalization and could under some circumstances be hurt by it. This book examines the various channels and transmission mechanisms, such as greater openness to trade and foreign investment, economic growth, effects on income distribution, technology transfer and labour migration through which the process of globalization affects different dimensions of poverty in the developing world.

Through comparative studies of aid supported infrastructure projects in East Asia and Sub-Saharan Africa, the book examines how aid could assist development processes by facilitating development of local endogenous institutions, which are both pro-growth and pro-poor. Applying comparative institutional analyses based on the concept of endogenous institutions and institutional changes, and exploring the model of 'development cooperation', the book examines aid effectiveness in a broader context of institution development in the two regions. It offers a new perspective on the institutions-development nexus, alternative to the conventional one with its emphasis of an inevitable institutional convergence to a monolithic universal model. It argues that socially and politically sustainable development involves institutional innovation by developing endogenous institutions, firmly embedded in a local social-political system. The book offers policy lessons from the East Asian experiences with aid-supported infrastructure projects to governments in sub-Saharan Africa, the international aid community, including emerging development partners.

Through comparative studies of aid-supported infrastructure projects in East Asia and Sub-Saharan Africa, the book examines how aid could assist development processes by facilitating development of local endogenous institutions.

Asia is widely regarded as having benefited most from the dynamic growth effect of the recent wave of globalization. By examining mechanisms at work in the globalization-poverty nexus through specific case studies reflecting different settings, the book seeks to find ways to rediscover and resume a pattern of shared growth in Asia.

This book examines the various channels and transmission mechanisms, such as greater openness to trade and foreign investment, economic growth, effects on income distribution, technology transfer and labour migration through which the process of globalization affects different dimensions of poverty in the developing world.