Globalization, for all its faults, has been good to many poor people living in developing countries. Millions in East Asia have escaped the threat of hunger by leaving the fields to work in factories producing manufacturing goods to sell in the West. But what happens to the prospects of the world’s poor when the West stops buying?
Pinelopi Koujianou Goldberg, Elihu Professor of Economics at Yale, returned to campus on February 27, 2020 to deliver the 30th annual Kuznets Lecture, presented by the Economic Growth Center. In her talk, “Poverty Reduction in the Era of Waning Globalization”, Professor Goldberg considered the effects of rising protectionism on poverty, and discussed approaches to poverty reduction in an era of high inequality and waning globalization.