Globalization improves the prospects for developing countries (DCs) to catch up economically with industrialized … countries. But not all DCs will automatically benefit from globalization. Some DCs even face the risk of being delinked from the … between rich and poor countries in the world economy. Many observers draw an overly pessimistic picture of the perspectives of …

Globalised markets and production patterns offer favourable opportunities to raise world income. Yet globalisation also … prepared to meet the challenge of fiercer competition on world goods and factor markets. In industrialised countries, low … countries could have raised their share in world welfare gains if they had committed themselves more strongly to binding trade …