Menu
In this clamour for greater connectivity, issues of the distribution of the gains from globalisation were largely ignored, except in the work of some, like Joseph Stiglitz, largely because gains were large and benefitted many on both sides of the transaction. Indeed, globalisation has been responsible for large increases in world trade, fluid flows of capital seeking higher returns, imports of final products at lower cost to consumers, jobs and escapes out of poverty for hundreds of millions, and profits for the business community in both advanced and emerging market economies. With globalisation, we have seen the traditional barriers to trade and finance progressively lowered, and in this process, many have gained.
0 Comments
Leave a Reply. |