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Globalization

A winning formula with too many losers?
  • Barry Turner
Chapter
Part of the The Statesman’s Yearbook book series (SYBK)

Abstract

The attractions of globalization have worn thin. Why should this be so? When it first came into popular currency, globalization was tied to the breaking down of trade barriers and the spread of democracy, thoroughly good things by all accounts since free trade boosts prosperity while democracy promotes individual choice, the antidote to oppression and exploitation. In the closing years of the twentieth century the success stories of globalization were all around us, from the collapse of the centralized economies of Eastern Europe to the entry of India and China into the world market. Over the past two decades of globalization, the proportion of the world’s population in absolute poverty has dropped from 30 to 20 per cent.1

Keywords

Trade Barrier Global Company Absolute Poverty Global Public Good Doha Round 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2007

Authors and Affiliations

  • Barry Turner

There are no affiliations available

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