chapter
10 Pages

… but also social

For example, the continuing Asian economic crisis has had serious social and environmental impacts, which have affected the poor disproportionately. The achievement of sustainable development will require a good understanding of the effects of globalization in relation to national and local governance, assets and vulnerabilities. It calls for appropriate policy responses in many areas; for example, structural adjustment, trade, foreign investment, development assistance and policy coherence (see Box 2.8).