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The Mirage of progress: the economic failure of the last two decades of the twentieth century.

American Prospect, The,  January, 2002  by Weisbrot, Mark

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EVERYONE KNOWS THAT THE VAST 20 YEARS HAVE been an era of rapid overall economic progress for the vast majority of countries, especially in the developing world. Tariffs have collapsed and countries have flung open their borders to international trade and investment. Technology has progressed as never before, we are told, with revolutions in such cutting-edge industries as communications, computers, and the Internet spawning and spreading productivity miracles around the globe.

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Of course, there are problems: a widening gap between rich and poor nations; environmental destruction; ...

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