Can the present process of globalization help in economic growth and poverty alleviation in developing countries?
A. The ongoing process of globalization offers developing countries new opportunities for broad based economic growth and poverty alleviation but it also carries some built-in risks. Large-scale protection of domestic agriculture in many developed countries and new restrictions on agricultural trade arising from concerns about food safety, are adversely affecting the agricultural trade of many developing countries. The most critical issue before the world community today is whether globalization can be made to work for poor people and poor countries.
