Aid, Trade and Development

"This is a very well written book. The new edition adds useful perspective on the implications of the new challenges facing developing countries as a result of the pandemic and increased unilateralism and protectionism in the North. "

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

"In this new edition, Michalopoulos adds valuable new insights on critical current issues, making his panoramic overview of the global economy even more incisive."

--Danny Leipziger, Professor of International Business & International Affairs, George Washington University, United States

"The volume offers a vision of the policies required to reverse the troublesome changes of the last few years, while at the same time recognizing the imperative of greater inclusiveness of groups and countries left behind by the earlier globalization waves. "

--Salvatore Schiavo-Campo, former Senior Adviser at the Asian Development Bank, Philippines

"Michalopoulos’ new book tells the story of past progress and failures to support sustainable development over the last half century. If we are to do better, we must build on the lessons of the past and this volume will help enormously."

--Clare Short, former Secretary of State for International Development, United Kingdom

This volume presents a broad sweep of modern economic history underpinning aid, trade, development and globalization in the last half century and the salient challenges facing the global community today. The author draws on his long years as an academic and development practitioner to recommend what needs to be done to cope with the backsliding of the fight against global poverty, fractured geopolitics and the threats to the multilateral economic order. The new, revised edition analyseshow unilateralism, rising protectionism and the Covid-19 pandemic seriously threaten global sustainable development. It concludes with recommendations on the policy changes needed to make globalization more equitable and development more sustainable. This book will be of interest to researchers and students of economic development and economic history, as well as all those concerned about global inequality and sustainability.

Constantine Michalopoulos has worked on and written about economic development for more than half a century. He held senior positions at the World Bank, taught at several US universities, and served as Chief Economist of USAID and as advisor to governments and international organizations including the IMF, WTO, UNCTAD, GTZ and the UK DFID.