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Unformatted text preview: developing countries. What Stiglitz means when he says that we have a system of "global governance without global government is that the international financial situation is controlled by a select few, but it is not governed by all of those who are affected by it. Developing countries and more affluent institutions, Western countries in particular, make most of the decisions, yet the poorest countries are the ones most affected by them; It is very inefficient, says Stiglitz. Stiglitz argues that The critics of globalization accuse Western countries of hypocrisy, and the critics are right. In saying this he means that the Western countries have pushed poor countries to eliminate trade barriers, but have kept up their own barriers, preventing these developing countries from exporting products, which in turn deprives them of the income they could make off of said exports....
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This note was uploaded on 12/08/2011 for the course SOCI 415 taught by Professor Margarita during the Spring '09 term at UNC.
- Spring '09