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Nobel Laureates Say Globalization's Winners Should Aid Poor

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From Lindau, Germany. A meeting of Nobel Prize winning economists and other economists on a pituresque island in southern Germany. The discussions focus on the widening gap between rich and poor as globalization takes place and the need for governments to redirect some of the wealth to the poorer sections of society. The discussions were on broad themes rather than solutions with the main thrust being that free markets are not always fair and economists should help governments to make them fairer.

Globalization and markets are not always fair and the need to redirect resources and wealth to help poorer sections

08/25/2008

Globalizations effects on the economy are positive given the right conditions and good government policy. But markets are not always fair and the need for governments to redirect resources and wealth to the poorer sections.

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