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This Report analyses the process of globalization from the perspective of its impact on people, presenting the experience of five South Asian countries, India, Bangladesh, Pakistan, Nepal and Sri Lanka. The Report finds that the globalization process in South Asia has focused on integrating markets without improving the condition of the vast majority of South Asians; globalization has not been accompanied by a reduction in poverty or an improvement in human development. The Report argues that for the positive effects of globalization and economic growth begin to be felt by the people of South Asia the process has to be managed. It makes several recommendations ranging from enhancing the role of civil society to guard the poor against the disproportionate burden placed on them, to regional-level efforts to prepare the labour force to face global competition. The Report concludes with an interesting discussion of possible mechanisms to manage globalization internationally, such as implementing the Tobin Tax or reforming some of the institutions of global governance. Year: 2001 |
