They argue that globalization is not to blame for any increase in world poverty and inequality-and point out that the world’s poorest people, those living in rural Africa and South Asia, are those least touched by globalization. On one side are most mainstream economists, international institutions such as the United Nations and the World Bank, most finance ministers and central bank governors in poor and rich nations alike, and most professional students of development. The debate about the implications of market-led globalization for the poor has taken on new urgency in the past several years. To realize the values and rules critical to a secure and just world-and to make the full benefits of a global market available to all-will require a better global politics. But the integration of the global economy is outpacing the development of a healthy global polity. The globalization of markets can benefit-and has benefited-rich and poor alike.
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