Contents -- Preface -- Purpose of This Book -- Why Study Globalization -- Intended Audience -- Acknowledgements -- Reflections -- Part One / The New Role of the Private Sector in Economic Development -- Chapter One / Engaging the Global Enterprise to Promote Economic Development Everett M. Ehrlich & Elliot Schwartz -- Corporate Engagement and the Growth Process -- Invention, investment, and reorganization -- Corporate engagement in social change -- Why Global Enterprises Undertake Social Initiatives -- Some Lessons and Examples of Corporate Engagement -- Conclusion -- References -- Chapter Two / Linking Globalization, Economic Growth and Poverty: Impacts of Agribusiness Strategies on Sub-Saharan Africa Dave Weatherspoon, Joyce Cacho & Ralph Christy -- Agribusiness Strategies in Emerging Economies: Forces and Outcomes -- Distributional effects of contracts in emerging economies: Lessons from Africa -- Distributional effects of joint ventures -- Distributional impacts of foreign direct investment -- Negotiating an enabling environment: The role of the public sector -- Private sector initiatives in emerging markets -- Conclusions -- References -- Part Two / Can Markets Matter for the Poor? -- Chapter Three / Making Markets Work for the Poor Eleni Gabre-Madhin & Nithya Nagarajan -- Markets and the Poor: Opportunities and Experiences -- Lessons from the poor -- Dimensions of Poverty and the Institutional Foundations of the Market: An Integrating Framework -- Transactions cost economics, social capital, and power -- Transactions cost economics -- Embeddedness, trust, and social capital -- Market power -- The Sustainable Livelihoods Framework and the Many Dimensions of Poverty -- Mapping Poverty and Market Outcomes -- Asset ownership, including access to information -- Vulnerability and risk -- Social marginalization and lack of power.

Policy Implications -- Improving access to market information systems and infrastructure -- Supporting collective action -- Supporting alternative institutional schemes -- Addressing risk and vulnerability -- Addressing discrimination and social barriers -- Building the asset base of the poor -- Conclusions -- References -- Chapter Four / Global Markets and Rural Poverty: Do the Rural Poor Gain or Lose from Globalization? Clive Y. Thomas & Carlton G. Davis -- Why the Rural Poor Don't Gain from Globalization -- Trade manipulation -- Nature of markets -- Exceptions to neo-classical efficient market theory -- Theoretical and empirical inconclusiveness -- Income inequality -- Institutional framework -- Global Food Trade, Food Security, and Poverty Reduction -- Agreement on agriculture and world food security -- Modeling the future -- Conclusions -- References -- Chapter Five / Markets, Government and Development: Structural Adjustment Programs in a Global Economy Edward Mabaya & Ralph D. Christy -- The Great Debate Revisited -- Understanding Policy Failure -- Post Structural Adjustment Program Assessment -- Why SAPs failed -- Poorly designed program with hidden agendas -- The limit of markets -- Poor governance -- Heavy foreign debt -- Fall in commodity prices -- Natural disasters -- Globalization -- Causes of globalization -- Effects of globalization on the poor -- Labor -- Environment -- Equity -- Brain drain -- Volatility in financial markets -- Lessons from SAPs and Globalizations -- Markets have limits -- Policies should be pro-poor -- Protect the environment -- No single pill for development -- Conclusions: Informing Choice between Imperfect Options -- References -- Chapter Six / Financial Market Integration and the Fate of Small and Micro Business Lending in Emerging Economies Mark Wenner.

Patterns and Trends in Financial Integration in Selected Emerging Economies -- Degree of foreign bank ownership as a proxy for financial integration -- Impact of Financial Liberalization and Financial Integration -- Impact on investment efficiency -- Impact on economic growth -- Impact on small business lending -- Policy options and strategies for improving access for small and medium enterprises -- Option 1: Restrict capital movements but continue to promote banking and integration -- Option 2: Strengthen the domestic financial sector and sequence liberalization -- Conclusions -- References -- Part Three / Achieving Sustainable Communities -- Chapter Seven / Essential Forms of Capital for Achieving Sustainable Community Development Daniel V. Rainey, Kenneth L. Robinson, Ivye Allen & Ralph D. Christy -- Components of a Sustainable Community Development Strategy -- Financial capital -- Public capital -- Private (Equity) capital -- Human capital -- Social capital -- Globalization and Its Impact on Sustainable Community Development -- Globalization's impact on key components of sustainable development -- Financial capital -- Human capital -- Social capital -- Examples of Sustainable Community Development -- Morrilton, Arkansas -- Hot Springs, Arkansas -- Setting the proper environment for sustainable community development -- References -- Chapter Eight / Innovative Community Strategies in Sustainable Agriculture and Natural Resource Management: Landcare in South Africa Monique L. Saloman -- South African Lifestyles in a Global Economy -- Dimensions of poverty -- Community-Based Natural Resources Management -- Governance of Natural Resources in South Africa -- Framework for intervention in landcare -- Sustainable Land Use -- Entrepreneurship -- Landcare ethos -- Structures for collective action -- Conclusion -- References.

Chapter Nine / "Show Me the Money": Asymmetric Globalization and Relative Deprivation in Sub-Saharan Africa Parfait Eloundou-Enyegue, Amani McHugh & Jalamang Orcutt -- The General Argument -- Sources of Disagreements -- Globalization in Africa -- The Asymmetry of Africa's Globalization -- Responses to Globalization -- Migration: The brain, brawn, and bride drains -- Consumerism: Basic needs versus status consumption -- Individualism -- Opportunism and deviance from previous modes of status attainment -- Conclusions -- References -- Chapter Ten / Globalization, Agriculture Development and Rural Community Livelihoods Philip McMichael -- Global Restructuring of Agricultures -- The WTO regime -- Agro-export platforms and 'food from nowhere' -- Implications of a corporate global agriculture -- Conclusion -- Acknowledgments -- References.