Globalization Anxiety

Despite all evidence that points to a robust world economy, many world citizens are anxious and distrustful of global integration and markets, reports economist Lawrence Summers in “The Los Angeles Times.” Conflict throughout the Middle East, combined with the inability of world powers to handle violent conflict or nuclear threats, contributes to the unease. But a major factor is that the middle class is not receiving direct benefits from a growing economy. The mark of great leadership is easing the fears that can grip a society. Governments can launch major programs – inspiring citizens to make good choices regarding their families and immediate environment, and then have extra time and resources to contribute to the local or world community. – YaleGlobal

Globalization Anxiety

The world is richer than ever before, but the vast middle class isn't getting many of the benefits
Lawrence H. Summers
Friday, December 1, 2006

Click here for the original article on The Los Angeles Times website.

Lawrence H. Summers is a contributing editor to Opinion.

Copyright 2006 Los Angeles Times