Notwithstanding the horror that the word elicits in many parts of the political spectrum, globalization, development analysts agree, has been a bonanza for the poor. Deaton notes, “Some argue that globalization is a neoliberal conspiracy designed to enrich a very few at the expense of many. If so, that conspiracy was a disastrous failure—or at least, it helped more than a billion people as an unintended consequence. If only unintended consequences always worked so favorably.”
