{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

stiglitz - slow pace creating a larger and larger rift This...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Steven Delaney 1-27-2011 Stiglitz Response Stiglitz discusses where globalization needs to go from where it currently is due to its incapability to work for less than well off nations. He brings up points showing how current globalization is not beneficial enough for those countries, or even end up worse off than before, due to their lack of economic size. Stiglitz starts by describing how globalization has actually increased the range of economic size between those rich and poor countries. He draws America and Mexico as an example, due to the increasing divergence recently. He also looks at places such as China versus Africa. China has had a great growth rate in recent years, due to their investments in technology and education. Since they are doing so well they are able to invest more into these field, thus continue to increase growth rates. While a place like Africa, doesn’t have the ability to invest in such things, thus stays behind at the same
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern