Second, globalization calls for economic integration but does not create equal economies. As Joseph Stiglitz argued in Globalization and Its Discontents, the processes of privatization, liberalization, and stabilization have been mismanaged, and therefore many third world countries and former Communist states are actually worse off now than they were before. Economically, globalization appears to hurt as many countries as it helps. Even within the same nation, unequal wealth distribution exists.
