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Rethinking Robin Hood

While globalization has harmed some people in rich countries, as factories and jobs migrated to where labor is cheaper, this has always seemed to be an ethically acceptable price to pay, because those who were losing were already so much wealthier (and healthier) than those who were gaining. But is that still true?

MADRID – International development aid is based on the Robin Hood principle: take from the rich and give to the poor. National development agencies, multilateral organizations, and NGOs currently transfer more than $135 billion a year from rich countries to poor countries with this idea in mind.