Despite the enormous potential of globalization in accelerating economic growth through greater integration into the world economy the impact of globalization on poverty reduction has been uneven. Asia has been the major beneficiary of globalization where high growth rates and its...

This paper consists of four parts following an introduction. Section 2 analyzes and describes the main channels (transmission mechanisms) through which the process of globalization affects poverty directly and indirectly. Section 3 reviews the major effects of globalization on the Latin American...