Saturday, November 27, 2004


In Globalization's Wake

How pervasive are the effects of globalization? So much so that even the NY Times is reporting it thusly:

...we're in the 11th month of the most prosperous year in human history. Last week, the World Bank released a report showing that global growth "accelerated sharply" this year to a rate of about 4 percent.

Best of all, the poorer nations are leading the way. Some rich countries, like the U.S. and Japan, are doing well, but the developing world is leading this economic surge. Developing countries are seeing their economies expand by 6.1 percent this year
In 1990, there were roughly 472 million people in the East Asia and Pacific region living on less than $1 a day. By 2001, there were 271 million living in extreme poverty, and by 2015, at current projections, there will only be 19 million people living under those conditions.
Still unreported, however, are the reactions of the anti-globalization protesters of the last several years. They've been kinda quiet of late, but perhaps it's only cuz they, too, have jobs now.