Globalization & Its Discontents
Program #STIJ001. Recorded in Seattle, WA on September 27, 2002.Globalization 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 fervor 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 workforce. 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.
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