Saturday, March 22, 2008

Who Says the world is flat?


The challenge that global inequality poses for managing globalization so that it works for the developing world. I argues that inequality matters to people. Moreover, in developing countries, where markets and politics are far-from-perfect, inequality can be destructive, reducing prospects for growth, poverty reduction, and good government. It is a fundamental problem of globalization--that it is asymmetric, i.e. that it benefits the rich more than the poor, both within and across countries. The world is not flat as argued by "New York Times columnist Thomas Friedman". Rather, what appears to be a level playing field to people on the surface is actually a field full of craters in which poor people and poor countries are stuck. The implications of these craters for shared prosperity, global security, and global social justice. The core problem: We have a global economy but no effective global polity. You can see in your life that everyday, everything is not same. Nothing is 100%. No one is perfect. Therefore worls is not flat.

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