ABSTRACT
During the last two decades, bilateral and multilateral donors’ policy advice to developing countries has been centred on greater market openness and better integration into the global economy. However, this advice has recently been challenged, and the effects of globalisation on poverty are generating growing concern. To address these concerns and, at the same time, to assist in the formulation of better pro-poor policies, a clearer understanding of the complex relationship between globalisation and poverty is needed. The main objective of this chapter is to determine the signs and strength of the effects of trade liberalisation, which is an important globalisation shock on poverty, in the context of Colombia.
