Yet these same opportunities entail new vulnerabilities and new risks for others. My recent research with Nancy Birdsall and Stefano Pettinato suggests that globalization has brought substantial benefits and opportunities for upward mobility for many low-income individuals in the emerging economies. A large body of evidence, however, suggests the opposite-though clearly globalization can result in unsettling experiences for many who live in the developing world. The protesters claim that globalization is bad for poor people in poor countries. The protests raise immediate and pressing logistical questions for local officials, but they also pose a more fundamental question: do the protesters represent wider popular sentiment against globalization and market policies in the world’s developing countries? Are they a sign that globalization is facing a backlash in the developing world? In the past few years, routine meetings on the operations of the international financial institutions or on the future of free trade have filled the streets of usually peaceful cities like Seattle, Prague, and Quebec with riot police, tear gas, and protesters lashing out at globalization.
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