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Technology, not gloablization behind economic gap

Technology, not gloablization behind economic gap
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First Published: Tue, Nov 13 2007. 09 58 AM IST
Updated: Tue, Nov 13 2007. 09 58 AM IST
New Delhi: Technology and not globalization is to blame for the widening gap between the rich and the poor, according to new research from the International Monetary Fund’s (IMF) World Economic Outlook.
IMF
While technology has boosted economic growth, globalization in the form of foreign direct investment, has caused rising inequality. Analysts at IMF suggest that countries should not shy away from adopting new technology as this would only undermine rising living standards around the world. Instead, implement new policies to ensure that technology encompasses as many individuals as possible via better access to education and affordable healthcare.
IMF
IMF’s forecasts for global growth will be released on 17 October, 2007, two days prior to World Bank/IMF Annual Meetings
IMF
Workers with disabilities, have higher performance job record than peers
IMF
An estimated 92 percent of workers with disabilities rate average or better in regards to job performance, compared to 90 percent of those without, according to Goodwill Industries International. The nonprofit organization also reports that contrary to general beliefs, the majority of workers with disabilities require no special accommodations and those who do, only need minimal assistance or less than employers believe. Goodwill is releasing this information in celebration of the 19th annual National Disability Employment Awareness Month, a U.S. initiative during the month of October.
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First Published: Tue, Nov 13 2007. 09 58 AM IST