We have become rich countries of poor people. A Librarian at the Kitchen Table. No. 403.

Joseph Stiglitz, Nobel Laureate in Economics (2001) writes in the September 8, 2006 issue of Financial Times:

There were once hopes that globalisation would benefit all, both in advanced industrial countries and the developing world. Today, the downside of globalisation is increasingly apparent. Not only do good things go more easily across borders, so do bad - including terrorism. We see an unfair global trade regime that impedes development and an unstable global financial system in which poor countries repeatedly find themselves with unmanageable debt burdens. Money should flow from the rich to the poor countries, but increasingly, it goes in the opposite direction.

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