"FREE TRADE"
Globalization's Lost Decade

From ZNet:

On July 8, the United Nations Development Program (UNDP) released its annual Human Development Report, which revealed what the British Guardian called a "Lost Decade." During the economically prosperous 1990s, U.S. trade representatives and International Monetary Fund (IMF) economists promised that a rising tide of global corporate expansion would lift all boats. In fact, 54 countries ended the decade poorer than when they started.

In places where the majority of people live on less than a dollar per day, or where life expectancy is less than half that in the U.S., these declines have grave consequences.

People in the United States often believe that while global poverty is tragic, poor countries have only themselves to blame. Certainly, the developing world is not free from the scourges of corruption, mismanagement, and political opportunism. But documents like the UNDP report show that the development policies promoted by wealthy countries have done far more harm than good.

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