Saturday, November 17, 2007

Quote of the Day- Globalization and Inequality

One of the most common claims today is that globalization typically leads to growing income inequality within countries, so that benefits go primarily to the rich. This claim is simply not true. In fact, it is one of the big myths of the anti-globalization movement.

- Sir Nicholas Stern, cited in Gerald Meier, Biography of a Subject: An Evolution of Development Economics , p. 152

For a different view watch this IMF slideshow

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