Abstract
The attractions of globalization have worn thin. Why should this be so? When it first came into popular currency, globalization was tied to the breaking down of trade barriers and the spread of democracy, thoroughly good things by all accounts since free trade boosts prosperity while democracy promotes individual choice, the antidote to oppression and exploitation. In the closing years of the twentieth century the success stories of globalization were all around us, from the collapse of the centralized economies of Eastern Europe to the entry of India and China into the world market. Over the past two decades of globalization, the proportion of the world’s population in absolute poverty has dropped from 30 to 20 per cent.1
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© 2007 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Turner, B. (2007). Globalization. In: Turner, B. (eds) The Statesman’s Yearbook 2008. The Statesman’s Yearbook. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-74024-6_1
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DOI: https://doi.org/10.1007/978-1-349-74024-6_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-4039-9277-2
Online ISBN: 978-1-349-74024-6
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