On Monday, September 28, 2006 Joseph Stiglitz spoke the Chicago Council on Global Affairs on Making Globalization Work.
He address the audience at the Fairmont Hotel in Chicago.
Several hundred people attended, this included many High School and College students.
Mr.
Stiglitz spoke with grace and polish on a most difficult subject: Globalization.
This topic is too broad to tackle in any setting but Mr.
Stiglitz did a commendable job with an audience that he did not know at all.
He spoke on how Globalization has in many respects backfired and caused much ruin in poor countries.
The interests of global corporations have had a tremendous effect on world economies.
For example, in the area of Pharmaceuticals Mr.
Stiglitz touched on how they had sought out their own interests to the demise of many people that needed generic drugs.
Generic drugs stood in the way of higher profits and the drug companies wanted to expand not diminish their profits.
The two countries that have done well with globalization are China and India.
They have followed plans of sound economic expanse that has not been at the expense of those on the lower end of the economic ladder.
Later after the speech Mr.
Stiglitz joined members of the President's Circle for dinner where he answered other questions to those in attendance.
The Chicago Council on Global affairs has made an effort to have these public forums to better educate the Chicagoland community on current events here and abroad.
Stephen F.
Condren - Artist
He address the audience at the Fairmont Hotel in Chicago.
Several hundred people attended, this included many High School and College students.
Mr.
Stiglitz spoke with grace and polish on a most difficult subject: Globalization.
This topic is too broad to tackle in any setting but Mr.
Stiglitz did a commendable job with an audience that he did not know at all.
He spoke on how Globalization has in many respects backfired and caused much ruin in poor countries.
The interests of global corporations have had a tremendous effect on world economies.
For example, in the area of Pharmaceuticals Mr.
Stiglitz touched on how they had sought out their own interests to the demise of many people that needed generic drugs.
Generic drugs stood in the way of higher profits and the drug companies wanted to expand not diminish their profits.
The two countries that have done well with globalization are China and India.
They have followed plans of sound economic expanse that has not been at the expense of those on the lower end of the economic ladder.
Later after the speech Mr.
Stiglitz joined members of the President's Circle for dinner where he answered other questions to those in attendance.
The Chicago Council on Global affairs has made an effort to have these public forums to better educate the Chicagoland community on current events here and abroad.
Stephen F.
Condren - Artist
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