Journal of Economic Literature
Book Reviews
2026-08-28
Guido Porto of World Bank reviews “The Impact of Globalization on the World's Poor: Transmission Mechanisms” by Machiko Nissanke, Erik Thorbecke,. The EconLit Abstract of the reviewed work begins “Eleven papers critically and rigorously analyze how different manifestations of globalization tend to influence poverty in the developing world. Papers discuss channels and policy debate in the globalization-inequality-poverty nexus; the relationship between income inequality, poverty, and globalization; globalization and poverty trends across regions--the role of variation in the income and inequality elasticities of poverty; looking beyond averages in the trade and poverty debate; globalization and rural poverty; globalization, production, and poverty; the role of information in technology adoption under poverty; trade openness and vulnerability in Central and Eastern Europe; globalization, poverty, inequality, and insecurity--some insights from the economics of happiness; explaining threshold effects of globalization on poverty--an institutional perspective; and globalization, poverty, and inequality--what is the relationship and what can be done. Nissanke is Professor of Economics at the School of Oriental and African Studies, University of London. Thorbecke is H. E. Babcock Professor of Economics Emeritus and Graduate School Professor at Cornell University. Index.”