- Program Environment
- Program Area Reform of International Finance and Trade
- Grant Amount $200,000
- Grant Period January 1, 2002–February 28, 2007
- Location New York, NY, United States
- Geographic Focus World
About this grant
While globalization has undergone criticism in recent years for creating greater instability and increased poverty in some countries, there have also been countries that have strongly benefited. These countries have grown faster and reduced poverty at higher rates due to globalization, although they have used unconventional development strategies to do so. Unfortunately, most developing country policymakers have limited opportunities to develop policy options tailored to their particular economy and society.Multiyear funding will support the development of an Environmental Economics Task Force to determine the environmental impact of economic policies and provide developing countries with viable and environmentally sound alternatives for development. The task force will address the environmental impact of structural adjustment and interest rate policies; the social and environmental impacts of market transitions; national endowment and stabilization funds; accounting frameworks; and alternative solutions to environmental problems.After leaving his post as chief economist of the World Bank in 2000, Dr. Joseph Stiglitz created the Initiative for Policy Dialogue which is now a project of Columbia University. The goal of the initiative is to ensure that developing countries are able to define their own alternative development strategies in order to take full advantage of globalization for their countries.