Globalization, Poverty, and All That:Factor Endowment versus Productivity Views

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Comments on related work at the Brookings Trade Forum were also helpful. Globalization causing poverty is a staple of anti-globalization rhetoric. The Nobel prizewinner Dario Fo compared the impoverishment of globalization to September 11th: "The great speculators wallow in an economy that every year kills tens of millions of people with poverty—so what is 20,000 dead in New York?” 2 The protesters usually believe globalization is a disaster for the workers, throwing them into “downward wage spirals in both the North and the South...
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The Nobel prizewinner Dario Fo compared the impoverishment of globalization to September 11th: "The great speculators wallow in an economy that every year kills tens of millions of people with poverty—so what is 20,000 dead in New York?” 2 The protesters usually believe globalization is a disaster for the workers, throwing them into “downward wage spirals in both the North and the South...
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