Globalisation, Poverty and Inequality: Friends, Foes or Strangers

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Globalisation, Poverty and Inequality Friends,
Foes or Strangers?

• Ken HenrySecretary to the TreasuryAddress to
  the 2002 Economic and Social Outlook Conference
• Melbourne, 4 April 2002

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Chart 1 Three Waves of GlobalisationSource
World Bank, Globalization, Growth and Poverty
Building an Inclusive World Economy, p 23
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Chart 2 Sector shares in developing country
exports Source World Bank, Globalization,
Growth and Poverty Building an Inclusive World
Economy, p 32
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Chart 3 Developing country globalisers (3
billion) and non-globalisers (2 billion) Source
World Bank, Globalization, Growth and Poverty
Building an Inclusive World Economy, p 5
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Chart 4 Inter-country inequality 20th century,
and last 30 yearsSource Treasury Global
Poverty and Inequality in the 20th century
Turning the Corner? 2001, p 151900 and 2000
(42 countries) 1965 and 1997
(115 countries)
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Chart 5 Numbers in poverty Source World Bank,
Globalization, Growth and Poverty Building an
Inclusive World Economy, p 8
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Chart 6 Exports and imports as a share of GDP,
1901-2000 Source RBA Preliminary Annual
Database and ABS Cat No 5206.0
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Chart 7 Wages and employment growth by skill
level of occupation Source EPAC, cited in
Dawkins and Kenyon Globalisation and Labour
markets Implications for Australian Policy
Wages 1986-1995
Employment 1986-1994
Employment growth (per cent)
Wages growth(per cent)
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Chart 8 Australian trade integration still
relatively modestSource Feenstra, cited in
Dawkins and Kenyon Globalisation and Labour
markets Implications for Australian
PolicyRatios of merchandise trade to
merchandise value-added (per cent)