In The Media
Branko Milanovic
Source: Getty
Paper
Why Did the Poorest Countries Fail to Catch Up?
Despite the promises made by globalization, in the last twenty years the world's poorest countries have fallen further behind the rich. In a new Carnegie Paper, Branko Milanovic debunks current development theories that explain why poorer countries have not reaped the rewards of global economic integration.
Published on Oct 5, 2005
Source: Carnegie Endowment
Summary
Despite the promises made by globalization, in the last twenty years the world’s poorest countries have fallen further behind the rich. In a new Carnegie Paper, Branko Milanovic debunks current development theories that explain why poorer countries have not reaped the rewards of global economic integration. Using statistical analysis, Milanovic finds that the higher likelihood of poor countries to be involved in wars and civil conflicts is the most important determinant for their lack of growth while, surprisingly, the effects of domestic reforms or international lending were minimal.
Why Did the Poorest Countries Fail to Catch Up? reaches surprising and valuable conclusions about the effects of globalization on those who feel it most.
Click on the link above for the full text of this Carnegie Paper.
About the Author
Branko Milanovic is a senior associate in the Trade, Equity and Development Project at the Carnegie Endowment. He is also a lead economist in the World Bank’s research department, where he works on the topics of income inequality and globalization.
This is a web-only publication.
About the Author
Branko Milanovic
Former Adjunct Scholar
Milanovic is a lead economist in the World Bank's research department,where he has been working on the topics of income inequality and globalization. Previously, he was a World Bank country economist for Poland and a research fellow at the Institute of Economic Sciences in Belgrade.
- Global Crisis: How Far to Go? Part I
- Political Alternation, Regardless of Ideology, Diminishes Influence Buying: Lessons from Transitions in Former Communist StatesOther
Karla Hoff, Shale Horowitz, Branko Milanovic
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- The Iran War’s Global ReachCollection
As the war between the United States, Israel, and Iran continues, Carnegie scholars contribute cutting-edge analysis on the events of the war and their wide-reaching implications. From the impact on Iran and its immediate neighbors to the responses from Gulf states to fuel and fertilizer shortages caused by the effective shutdown of the Strait of Hormuz, the war is reshaping Middle East alliances and creating shockwaves around the world. Carnegie experts analyze it all.
- “It’s Not Like Turning a Switch On and Off”Commentary
Why the Iran ceasefire isn’t a quick fix to the Strait of Hormuz energy crisis.
Helima Croft, Aaron David Miller
- Southeast Asia’s Agency Amid the New Oil CrisisCommentary
There is no better time for the countries of Southeast Asia to reconsider their energy security than during this latest crisis.
Gita Wirjawan
- Fuel Crisis Forces Politically Perilous Trade-Offs in IndonesiaCommentary
As conflict in the Middle East drives up fuel costs across Asia, Indonesia faces difficult policy trade-offs over subsidies, inflation, and fiscal credibility. President Prabowo’s personalized governance style may make these hard choices even harder to navigate.
Sana Jaffrey
- In Its Iran War Debate, Washington Has Lost the Plot in AsiaCommentary
The United States ignores the region’s lived experience—and the tough political and social trade-offs the war has produced—at its peril.
Evan A. Feigenbaum
