Sharing Globalization’s Benefits

Are people and countries being left behind by “globalization?” The answer, undoubtedly, is yes. In 1960, per capita GDP in the richest twenty countries was eighteen times that of the poorest twenty countries. By 1995, this gap had widened to almost forty times. Evidence also exists which shows that wage disparities between skilled and unskilled workers are rising in many developing countries (particularly in middle-income Latin American countries) and in the developed world, too. In Mexico, for example, the gap rose by 40% between the mid-eighties and the mid-nineties;

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