Aid, Trade and Development: 50 Years of Globalization - Paperback

by Constantine Michalopoulos (Author)

This enlightening book offers a comprehensive historical analysis of the main development challenges of the last half century and the international community's response through aid and trade. Much has happened: the oil crises of the 1970s, the debt crises of the 1980s, the break-up of the Soviet Union in the 1990s, the Millennium Development Goals, the onslaught of Globalization and the rise of its opponents since the financial crisis of the 2000s. Through it all, development has spread and global poverty declined. The volume assesses the contributions and coherence of developing and developed country policies and the role played by global institutions entrusted with responsibilities to enhance trade and support development. The volume concludes with a focus on the prospects for the future and the changes needed to make globalization more equitable. With 50 years of professional experience in the World Bank, the WTO and bilateral aid agencies, Michalopoulos brings an insider's perspective on the workings of these institutions and what needs to be done to make them more effective and responsive to changing global needs.

Back Jacket

"This is a very well written book, technically sound, and a great source of material for anyone who wants to understand the factors that have shaped much of international economics for the past half a century."

--K.Y. Amoako, President of the African Center for Economic Transformation, Ghana

"Thoroughly documented, insightful, interesting, lucid, Aid, Trade and Development is a major contribution to the debate on the great and delicate issues facing the world economy in the years to come."

"This book makes a unique contribution in documenting an important chapter of the history of development cooperation."

--Heidemarie Wieczorek-Zeul, former Federal Minister of Economic Cooperation and Development, Germany

"In a broad sweep of the modern economic history underpinning aid, trade, and development, Michalopoulos manages to capture the most salient trends and does so in a thorough, perceptive and compelling fashion."

-- Danny Leipziger, George Washington University, USA

"Michalopoulos' chapter on the Greek crisis is very elegant and well written, covering the ground comprehensively and fairly."

--George Papaconstantinou, former Greek Finance Minister

"I highly recommend this book for anyone who wishes to understand the many stages of global development we have experienced in recent decades and how they may shape the future."

--Alexander Shakow, former Senior Official at USAID and Deputy Secretary of the World Bank, USA

This enlightening book offers a comprehensive historical analysis of the main development challenges of the last half century and the international community's response through aid and trade. With 50 years of professional experience in the World Bank, the WTO and bilateral aid agencies, Michalopoulos brings an insider's perspective on the workings of these institutions and what needs to be done to make them more effective and responsive to changing global needs.

Constantine Michalopoulos has been a Visiting Scholar and Adjunct Professor of Economics at the Johns Hopkins University, USA, since 2012. Following his retirement from the World Bank he has served as advisor to governments and international organizations including the IMF, the World Bank, UNCTAD and the EU Commission.

Author Biography

Constantine Michalopoulos has been a Visiting Scholar and Adjunct Professor of Economics at the Johns Hopkins University, USA, since 2012. Michalopoulos was for many years an official of the World Bank holding a number of senior positions including Director for Economic Policy and Senior Advisor for Europe and Central Asia. He has also been Chief Economist of the US Agency for International Development, Special Advisor to the World Trade Organization and taught economics at several US universities. Following his retirement from the World Bank he has served as advisor to governments and international organizations including the IMF, the World Bank, UNCTAD, the EU Commission, GTZ and the UK DFID on trade, finance and development. He has written several books and over 100 articles and monographs on these subjects.