, globalization has been good for growth in poor countries at least by diminishing price volatility. But comparative advantage has … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …

Critics of trade liberalization argue that globalization increases countries' vulnerability to economic shocks and … argue that globalization promotes economic growth and reduces poverty, which leads to a reduction in the risk of internal … basis for concluding that globalization affects the risk indirectly through its effect on long- and short-term growth. In …