2225 Midterm Readings Review

2225 Midterm Readings Review - Does globalization generate...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Does globalization generate poverty? - Sachs: The Spread of economic prosperity o Gap between rich and poor opened during modern economic growth Some parts of the world achieved growth and others did not Overall increase in world wealth, but at different rates, small differences have accumulated over 2 centuries to be big Poorest countries didn’t begin growth until decades later, if it has started at all - Stiglitz: The Promise of Global Institutions o Globalization gen erally brings about good things, but it is b eing used irresponsibly by the rich countries Global governance without global govern m ent World Bank a nd WTO are few organizations m a d e to h elp de al with this, yet they countries d ecisions Possible to create new syste m where growth is not only sustained, but e qu ally distributed - Seabrook: Defining Poverty o Hunger and famine are m ost potent sy mbols of poverty Scarcity is not proble m, but lack of purchasing power o Relative poverty, rich poverty, loss of wealth, rural poverty, b eing alone Is the increase in earnings inequality the result of technology? - Ehrenberg and Smith: Overview of the Labor Market - Ehrenberg and Smith: Inequality in Earnings o Variance is most com mon m e asure of dispersion o Possible explanations for increase in inequality Destruction of middle paying jobs and replace m ent with both higher and lower p aying ones possible explanation of inequality Chang es in relative wages: rising payoff of college education
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Relative changes in hours of work Changes in earnings within a narrowly defined human capital
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/06/2009 for the course GOVT 2225 taught by Professor Morgan during the Spring '09 term at Cornell.

Page1 / 5

2225 Midterm Readings Review - Does globalization generate...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online