globalization and free market really supposed as efforts increases global
efficiency. trade globally help many countries to bloom quicker. also be assumed to make developing Country to get erudition access unobtainable. globalization likely be progress that must be developing country accepted, if they want to bloom and fight against poverty effectively. but for many people in developing Country, globalization doesn't bring economy profit (stiglitz, 2002: 6).
practice globalization in developing countries must finance world efficiency by developed countries welfare. south finance global efficiency for profit in north. market failures happen everywhere, bot even be caused by demand conditional to realize market self-regulating can not be fulfilled (because assumption to realize pure free computation to form free market proved not empirik-realistik), but also caused by economy importance and non economy that must be reachesed and defended to pass efforts distortion market manifestly (swasono, 2003: 83).
Joseph E. Stiglitz
difference more wider between rich and poor show more and more person at third world has been more poorer. in 1990,2.718 billion alive citizen with money less than 2 per day, while in 1998 poor citizen totals alive with money less than 2 per day is estimated 2.801 billion. this matter happens with reference to world income total enhanced recently as big as average 2,5 % every year it (world bank, 2000: 29).
Office World Bank at Washington
globalization not yet success decrease poverty and not yet success guarantee stability. crisis at asia and latin america has threatened economics and developing country stability , even crisis 1997 and 1998 be a threat for all worldwide economy.
taken from: msuyanto.com
translated by: danang
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