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Globalization is defined in economic terms to mean freer flows of trade, foreign direct investment and finance, and liberalization of trade and investment policies. Impacts of globalization and information technology are examined in terms of growth and productivity, poverty and income distribution, and employment. Experiences of Africa, East and Southeast Asia, South Asia, and Latin America in the era of globalization are discussed. It is argued that benefits of freer trade and capital flows need to be managed carefully in order to minimise the costs and maximise gains.
Contributed articles.
Chennamaneni H. Hanumantha Rao, b. 1929, Indian economist; revised version of papers presented at a seminar held at Hyderabad, during 16-17 November 2004.
This study represents a first systematic effort to document Zimbabwe "s new land uses during the years of economic crisis, the role of the state in promoting them, the differentiation associated with them, not only between black and white farmers, but also among them, and the implications of all these for the political economy of the Zimbabwean land question. The fact that some of the new land uses avoid redistribution of clearly under-utilised large scale commercial farms suggests that the Zimbabwean land question will remain a live political issue for a long time.