A Quote by Branko Milanovic
While you can say that the problem of the middle class in the rich countries is too much globalization, the problem of the people who are very poor is really that they are not included in globalization. For them, the success of their own countries at becoming part of this international division of labor would be good news.
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The globalization that has rescued so many in poor countries has harmed some people in rich countries, as factories and jobs migrated to where labor is cheaper.
People in the rich countries who have done very well, who are at the top of the income pyramid, try to steamroll over the opposition of the middle without changing anything in social programs, or any redistribution. And they take their votes for a given. They have rich people that bankroll them. And the globalization would continue, but it would continue with permanent dissatisfaction among large segments of the people.
Climate change is a huge problem, an almost insoluble problem, for two reasons. One is the habits of the West in terms of consumption. The other is the incredible iniquity between poor countries and rich countries on this planet.
Globalization is stirring widespread economic anxiety, and middle class incomes have stagnated while a class of super-rich has emerged.
...As the disparity between the rich and the poor grows, the fight to corner resources is intensifying. To push through their "sweetheart deals," to corporatize the crops we grow, the water we drink, the air we breathe, and the dreams we dream, corporate globalization needs an international confederation of loyal, corrupt, authoritarian governments in poorer countries to push through unpopular reforms and quell the mutinies. Corporate Globalization-or shall we call it by its name?-Imperialism-needs a press that pretends to be free. It needs courts that pretend to dispense justice.
The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries.
In middle-income countries, inequality becomes a problem because you can see there is a layer of people who are doing well, while the poor are still stuck there. We have 300 million poor in India.
In middle-income countries, inequality becomes a problem because you can see there is a layer of people who are doing well, while the poor are still stuck there.
Globalization in part means that a lot of people are walking into the room and in some cases becoming influential or even dominant voices in the conversation. Sometimes they are like party-crashers coming in and pushing people around, scooping up the valuables and eating up the food in the frig - bribing political leaders, undermining traditional economies and the ways of life that are interwoven with them, replacing them with new economic models that effectively exploit developing countries for their labor and resources.
Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.
Climate change is...a gross injustice-poor people in developing countries bear over 90% of the burden-through death, disease, destitution and financial loss-yet are least responsible for creating the problem. Despite this, funding from rich countries to help the poor and vulnerable adapt to climate change is not even 1 percent of what is needed.
One of the good things about globalization is it has created a single international music community, and I feel very much part of it.
Especially now, the immigrant problem is very dramatic around the world. Because we don't know what to do with them. They're in economic crisis, and there are more and more. There will be more and more. We speak about globalization of economy, but it's also globalization for immigration. Millions of people, they're willing to have a better life. A better life, they cannot have it where they live, so they move.
Some people say that the West has a cruel history. These people also may see the achievements of Western countries - in terms of the economy, education, health, and social achievements - as a result of exploitation of poorer countries, including Arab countries. Western nations get rich by using resources such as Arab oil. Meanwhile, the countries supplying them raw materials remain poor. Due to such injustices, jealousies are created.
I think that the movement against the World Bank, against the globalization process that is happening, is very positive. We need a globalization, a globalization of people who are committed to social justice, to economic justice. We need a globalization of people who are committed to saving this earth, to making sure that the water is drinkable, that the air is breathable.
For globalization to work for America, it must work for working people. We should measure the success of our economy by the breadth of our middle class, and the scope of opportunity offered to the poorest child to climb into that middle class.
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