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ECONOMICS AND SOCIETY - U52005 Globalization Coursework Jack Torrens-Spence- 06049458 Word Count: 2,032 Question: 'I believe that globalisation - the removal of barriers to free trade and the closer integration of national economies - can be a force for good and that it has the potential to enrich everyone in the world, particularly the poor. But I also believe that if this is to be the case, the way globalisation has been managed, including the international trade agreements that have played such a large role in removing those barriers and the policies that have been imposed on developing countries in the process of globalisation, need to be radically rethought.' (Joseph Stiglitz, Winner of the Nobel Prize for Economics 2001) The following assignment gives you the opportunity to examine some of the issues raised in the above quotation, namely why most economists are in favour of free trade and economic integration and why, despite this, the world...

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