Is globalization bad for the global poor?

https://www.vox.com/2016/9/29/13096580/globalization-poverty-experiment-blattman-dercon

by elorant • 7 years ago

2 4 7 years ago

Porthos9K2• 7 years ago

It doesn't seem to have worked out too well for the poor so far.

Really? I’m not a huge fan of globalization, but it’s hard to deny that it has raised the standard of living for the global poor. Look at China now vs China 40 years ago. They “globalized” by allowing more developed countries to exploit their cheap labor, and they’re much richer now than they were.

deogeo• 7 years ago

But they had a very controlled, strategic form of globalization, placing strict limits on foreign corporations. It bears little resemblance to the "open your markets and hope for the best" approach of much of the west.

Porthos9K2• 7 years ago

A 9/9/6 working regime is hardly an improvement for a country that claims to be communist.

Is globalization bad for the global poor?

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