Globalization and the race to the bottom in developing countries : who really gets hurt? / Nita Rudra.

Includes bibliographical references (pages 255-285) and index.

The race to the bottom in developing countries -- Who really gets hurt? -- LDC welfare states : convergence? What are the implications? -- Globalization and the protective welfare state : case study of India -- Globalization and the productive welfare state : case study of South Korea -- Globalization and the dual welfare state : case study of Brazil -- Introduction -- Appendix A: LDC social spending -- Appendix B: Assessing potential labor power -- Appendix C: Additional tests for the RTB hypothesis -- Appendix D: Variables in the inequality model -- Appendix E: Technical notes on Gini coefficients -- Appendix F: LDC Gini coefficient statistics -- Appendix G: Robustness check -- Appendix H: Conditional impact of trade on inequality -- Appendix I: Descriptions and sources of variables -- Appendix J: Cluster results minus outcome variables -- Appendix K: Dendogram for cluster analysis -- Appendix L: Poverty tables -- Appendix M: Social expenditures on social security, health, and education in India (percent of GDP) based on national data.

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The advance of economic globalization has led many academics, policy-makers, and activists to warn that it leads to a 'race to the bottom'. In a world increasingly free of restrictions on trade and capital flows, developing nations that cut public services are risking detrimental effects to the populace. Conventional wisdom suggests that it is the poorer members of these societies who stand to lose the most from these pressures on welfare protections, but this new study argues for a more complex conceptualization of the subject. Nita Rudra demonstrates how and why domestic institutions in developing nations have historically ignored the social needs of the poor; globalization neither takes away nor advances what never existed in the first place. It has been the lower- and upper-middle classes who have benefited the most from welfare systems and, consequently, it is they who are most vulnerable to globalization's race to the bottom.

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