Thursday, June 03, 2004

Two Old Tidbits

Robert Wade of the London School of Economics, wrote in The Economist, (2001) "Global inequality is worsening rapidly ...Technological change and financial liberalization result in a disproportionately fast increase in the number of house-holds at the extreme rich end, without shrinking the distribution at the poor end ... From 1988 to 1993, the share of the world income going to the poorest 10 percent of the world's population fell by over a quarter, whereas the share of the richest 10 percent rose by 8 percent."

Tom Paine dot Common Sense Jan 8th 2002

so, this is the globalisation that's helping the poor, yeah?

this article from Corpwatch examines the case of a Chinese immigrant to the US whose job went to China where there were fewer of those pesky labour laws.

posted by Keegan at 9:16 am

----------------