Monday, July 8

Rapid globalization of the world economy has sliced the proportion of abject poor across the planet, according to a study from the London-based Center for Economic Policy Research. But this report from Yahoo terms it "controversial", because, according to the European Commission (the European Union's executive body) that commissioned the report, they are unwilling to concur with all the study's analysis, because "In many respects, the findings will prove controversial, at least to those outside the circle of professional economists, contradicting as they do certain deeply held beliefs about the negative consequences of globalization."

Arrgh! Because many people simply believe that it can't be true, the European Commission won't accept it!

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