 www.araustralia.org |
Alternative Radio (Aust.) PO Box 780 Morwell Victoria 3848 Australia tel. 61-3-5134-8556 mob. 61-413-597-828 inquiries@araustralia.org |
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www.araustralia.org |
Alternative Radio (Aust.) PO Box 780 Morwell Victoria 3848 Australia tel. 61-3-5134-8556 mob. 61-413-597-828 inquiries@araustralia.org |
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Globalisation is not what its proponents said it would be. In many countries it has failed miserably, devastating economies, communities and individual lives. Perhaps no where has its failure been more apparent than in Argentina. Few countries embraced the nostrums of World Bank and IMF experts with more fervour and enthusiasm than Argentina. It was called the poster boy of the new economic order. Argentina was once one of the most prosperous countries in the world. It has huge natural resources and a highly trained and educated work force. Today its economy is in a shambles. An astounding 50% of its population is in poverty. Few countries have experienced such a dramatic economic collapse.
Joseph Stiglitz, professor at Columbia University, is the recipient of the Nobel Prize in economics. He was chair of the Council of Economic Advisers under Clinton. He also served as senior vice-president and chief economist of the World Bank. He is the author of Globalisation and Its Discontents.
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