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According to this interpretation these developments in technology when applied as they have been result in changes that redound to the benefit of all mankind. The countries of the former Third World and regions like the Caribbean are better off since they are now part of an integrated world economy and generally are more likely to benefit from greater foreign investment and increased trade and market size [Elaborate: argument of the Liberals and political right. Defend capitalism and the efficacy of the market in creating wealth and reducing poverty].
[Other side of the argument] Gray in a very recent work argues that the attempt to establish a global economy in its present form is doomed to failure...
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