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July 05, 2005
Globalization and Its Discontents
Joseph Stiglitz won the Nobel prize for economics in 2001, and the center left gave Globalization and Its Discontents one good reviews. What's telling is that a Nobel prize winning economist who spent years near the very center of power has to go on for 274 pages just to suggest that if economic policies were geared to increasing the low end and median share of the pie rather than improving the outlook for top end players in the financial markets, the fruits of economic policies would be more widely shared.
In other words, debate about the basic goals for a globalized economy ain't quick and easy.
Have readers learned anything of substance? Not sure.
Posted by Mark at July 5, 2005 08:40 AM