Africa represents a small share of global production and trade, while hosting half of the extreme poor worldwide. To catch up with the rest of the world, there is no alternative: the continent needs to link its production and trade to the global economy to take advantage of unlimited demand and...

Financial globalization has increased dramatically over the past three decades, particularly for advanced economies, while emerging market and developing countries experienced more moderate increases. Divergences across countries stem from different capital control regimes, and factors such as...

Argues that the effects of financial liberalization on employment and incomes often carry disturb economic and social development and that financial liberalization warrants at least as much attention as trade liberalization. Compares and weighs the potential benefits in terms of growth against...