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David Dollar

David Dollar has served as the World Bank's China Director and is currently the U.S. Treasury Department's Economic and Financial Emissary to China.Before this assignment, Mr. Dollar worked as Director for[…]

Is globalization a good thing?

David Dollar: I believe that globalization in general is good for developing countries. And as a short hand I think globalization is good for the poor. I think in this most recent era of globalization, you've got big countries like China opening up to foreign trade and foreign investment, and growing very quickly, creating a lot of jobs, and pulling a lot of people out of poverty in a very impressive way. China is the best example, but India is doing pretty well, and there are quite a few countries around the developing world that have gotten on this bandwagon of opening up the global trade and global investment. And I think that process of integration or globalization is really accelerating growth and bringing a lot of people out of poverty.

Recorded on: 7/3/07