Globalism's discontents: integration with the global economy works just fine when sovereign countries define the terms. It works disastrously when terms are dictated.
American Prospect, The, January, 2002 by Stiglitz, Joseph E.
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FEW SUBJECTS HAVE POLARIZED PEOPLE THROUGHOUT the world as much as globalization. Some see it as the way of the future, bringing unprecedented prosperity to everyone, everywhere. Others, symbolized by the Seattle protestors of December 1999, fault globalization as the source of untold problems, from the destruction of native cultures to increasing poverty and immiseration.
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In this article, I want to sort out the different meanings of globalization. In many countries, globalization has brought huge benefits to a few with few benefits to the many. But in the case of a few countries, ...
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