David Dollar
U.S. Treasury Department’s Economic and Financial Emissary to China
01:01

Globalization

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Is globalization a good thing?

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 the development research department of the World Bank, overseeing the Bank’s research on the investment climate and growth.  He co-authored the recent World Bank reports Globalization, Growth, and Poverty and Assessing Aid.  His earlier work focused on aid and growth, and the determinants of the success and failure of reform programs supported by structural adjustment lending.  He has been a key World Bank spokesperson on investment climate, globalization, and the effectiveness of aid. 

He has a PhD in economics from New York University and a B.A. in Chinese history and language from Dartmouth College.

Transcript

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


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