Unformatted text preview: slow pace, creating a larger and larger rift. This leads to more problems when we look at medicine and keeping populations healthy. Smaller nations cannot keep up with the developing countries products, most importantly medicine. When the income of an average person in a smaller country is lower than the cost to stave off illness, there is a great problem, mostly because these illnesses are often more likely in the smaller nations themselves. Stiglitz speaks of how globalization is something that cannot be stopped, but perhaps directed in a more fitting direction. He proposes many changes that need to be made in order to receive the full benefit for all parties involved in globalization, but seem to be high hopes when there are too many capitalistic nations already flourishing....
View Full Document
- Spring '06
- Capitalism, Stiglitz, Stiglitz Response Stiglitz