Summary

Characterized by shrinking time, shrinking space and disappearing borders, globalization offers unique opportunities for human progress. But these opportunities are not evenly distributed among people and nations. Furthermore, globalization squeezes a number of activities falling outside of the market. Human Development Report 1999 offers cutting edge analysis of the economic, social, and political outcomes of this present era of globalization, with a spotlight on the fiscal squeeze on social spending, the time squeeze on caring activities, and the incentives squeeze on the environment. The Report offers recommendations for stronger governance at the local, national, regional, and global levels to make globalization work for people, not just for profits.