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Article

18 Nov 2001

Author:
James L. Phelan, Grassroots Globalization Network

Renowned US Economists Denounce Corporate-Led Globalization

Recent Nobel Prize winner Joseph Stiglitz, along with well-known economist Paul Krugman, have of late made a flurry of public statements critical of the policies and processes of the World Trade Organization (WTO), the World Bank / IMF, and the proposed Free Trade Area of the Americas (FTAA) - while leaving plenty of harsh words for the blatantly pro-corporate actions of the Bush Administration. Both economists point to the disruptive and distorting influence of large corporate entities through their dominance over both domestic and international institutions.