Poverty, Progress, and Critics of Globalization
Introduction
At the very end of the 20th century, massive protests surrounded a WTO conference during the infamous “Battle of Seattle.” These loud voices condemned the treatment of poor nations ostensibly beholden to Western corporations and international financial organizations (such as the IMF). Protesters saw the spread of globalization as tantamount to exploitation of the developing world. They believed it benefitted a small class of insiders at the expense of powerless citizens. Fans of globalization—many of them economists—responded by elucidating the virtues of international economic integration, which include enhanced economic opportunities and poverty alleviation in the least ...
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