Posted on : January 10, 2018
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How did globalization create such discontent in developed and developing countries alike? Nobel laureate Prof. Joseph Stiglitz says that a corporate-driven policy agenda and the distorted economic views bolstering them have deepened inequality and undermined social stability in regions across the world. Economic theory is actually much more qualified in its endorsement of free trade and efficient markets than policymakers made it out to be, he says. Looking ahead, anti-globalization movements and technological disruption represent a challenge to African countries in particular. Addressing it will require a multi-pronged approach that involves governments and the manufacturing, services, and agriculture sectors.