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Press Release No.4 2001 - Report on Globalisation, Poverty and Inequality


Monday, 15 October 2001

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The Departments of the Treasury and Foreign Affairs and Trade today announced the release of a report Globalisation and Poverty - Turning the Corner.

The report details unprecedented income growth and poverty reduction in developing countries which have managed to open to the world economy in the second half of the 20th century. It underlines the serious challenges faced by countries that have not joined the global economy.

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Globalisation and Poverty: Turning the Corner - 15/10/2001
Globalisation — in the form of increased economic integration through trade and investment — is an important reason why much progress has been made in reducing poverty and global inequality over recent decades. But it is not the only reason for this often-unrecognised progress. Good national …

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