Philosophy 2074F/G Chapter Notes -Justice As Fairness, Economic Integration, International Inequality
1 May 2013
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Document Summary
The dramatic advance of globalization and neoliberalism has been accompanied by an explosive growth in inequality and a return of mass poverty and unemployment. The net result has been massive growth in inequality. What is most important is not necessarily income but the living standards of the poor, but in terms of their health, life expectancy, nourishment and education. International economic integration may affect global inequality in several different ways. Globalization may raise incomes of globalizers, while nongloblalization lowers the incomes of nonglobalizers. Perfectly feasible policy changes, this vast country could generate rapid rates of economic growth and reductions in poverty. Never before have so many people or so large a proportion of the world"s population. Enjoyed such large rises in their standards of living. The period of convergence and globalization saw the incomes of the poor developing countries, with more than half of the world"s population, grow substantially faster than those of the world"s richest countries.
