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UC Santa Barbara Global Societies Journal Title The Battle for Development: Economic Growth versus Institutions, Fighting for Long-term Sustainable Outcomes Permalink https://escholarship.org/uc/item/75m582wc Journal Global Societies Journal, 2(0) Publication Date The Battle for Development: Economic Growth versus Institutions, Fighting for Long-term Sustainable Outcomes
2014
Global Societies Journal
unpublished
The globalization process, accelerated through technology proliferation, has "brought about profound changes in the international context [and] could have far-reaching implications for development" according to Deepak Nayyar. He argues a myth exists advocating the spread of globalization and global economic wealth convergence; however, globalization is uneven and a sharp divide between rich and poor countries persists. For example, during the 1980s and 1990s poverty increased in most Latin
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