At Davos, Why Is No One Talking About the Poor?

The economic history of the twentieth century is full of reminders that the move towards globalisation is not inevitable. War in 1914 brought an end to a period of economic openness and integration unparalleled even today. The 1930s were more painful than necessary precisely because of beggar-thy-neighbour policies adopted in the wake of the Depression. It is not impossible that governments today will turn their backs on open trade and capital flows. Many of those in Porto Alegre would welcome such a policy reversal.

Read more: http://business.time.com/2012/01/28/at-davos-why-is-no-one-talking-about-the-poor/#ixzz1l6Z8EfDl