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» babble   » walking the talk   » labour and consumption   » Galbraith on Globalization: Debunking the Economist

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Author Topic: Galbraith on Globalization: Debunking the Economist
Mandos
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posted 22 March 2004 05:27 PM      Profile for Mandos   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
quote:
First, it ignores changes within countries. Yes, China's average income grew. But not every Chinese got the average increase. We know that China became dramatically more unequal in the 1990s. (Fischer concedes this, incidentally; see my evidence here.) And it is possible to make a much broader statement. Looking over the broad range of developing countries, my University of Texas Inequality Project finds rising inequality in most of them, including India, and falling inequality in only a few.

Second, it is not reasonable to treat sub-Saharan Africa as apart from globalization. These countries have always been suppliers of minerals, rubber, oil, coffee and cocoa to the West, often under horrific conditions. (During the slave era they were, of course, great victims of that earlier wave of globalization.) They are not isolated now: Trade ratios in sub-Saharan Africa are not abnormally low. They are victims now of debt crises and so-called structural adjustment programs. To treat them as special cases is simply a way of evading globalization's greatest failures.


http://www.salon.com/opinion/feature/2004/03/22/economist/

You have to see their Day Pass ad to get the article.


From: There, there. | Registered: Jun 2001  |  IP: Logged
HalfAnHourLater
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posted 22 March 2004 06:23 PM      Profile for HalfAnHourLater     Send New Private Message      Edit/Delete Post  Reply With Quote 
Another Galbraith steps up to the plate, he swings and...to be continued
From: So-so-so-solidarité! | Registered: Nov 2003  |  IP: Logged
Stephen Gordon
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posted 22 March 2004 06:34 PM      Profile for Stephen Gordon        Edit/Delete Post  Reply With Quote 
Oh no - I've got a *very* busy week. I'm going to have to take a rain check this time
From: . | Registered: Oct 2003  |  IP: Logged
verbatim
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posted 22 March 2004 08:09 PM      Profile for verbatim   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
reat article, Mandos. Thanks for posting the link.
From: The People's Republic of Cook Street | Registered: May 2001  |  IP: Logged

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