ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Globalisation, Structural Change and Poverty-Some Conceptual and Policy Issues

Globalisation embodies integration of international markets for goods, services, technology, finance and to some extent labour. It impinges on the process of structural change, underpinned by transformation from an agricultural to an industrial economy, with critical implications for growth, equity and poverty. In this context, structural adjustment or 'liberalisation' policies, symbolising measures to stimulate structural change by reorganising production, focus on shifting emphasis from the state to the market and forging closer interaction between the national (domestic) and the global economy. In this respect, the goals and implications of structural adjustment policies (SAP)/liberalisation have to be redefined and reassessed in the context of globalisation. The thrust of this paper is on analysing the relationship between SAP/liberalisation, globalisation and reduction of poverty.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top