And the illicit trade in narcotics, weapons, labour, goods and money contributes to crime and violence that threaten neighbourhoods around the world. We need a new approach to governance, one that preserves the advantages offered by global markets and competition while allowing for human, community and environmental resources that will ensure globalization works for people and not just for profits. The Report calls for a re-writing of governance for the 21st century. There is no need to wait for action, it argues. The world is rushing headlong into greater integration, driven mostly by a philosophy of market profitability and economic efficiency.
Globalization needs a human face.
English is used in almost 80 per cent of websites although fewer than one in 10 people worldwide speak the language. The income gap between the richest fifth of the world's people and the poorest fifth, measured by average national income per head, increased from 30 to one in 1960 to 74 to one in 1997. Tanzania's debt service payments are nine times what it spends on primary health care and four times what it spends on primary education. Industrialized countries hold 97 per cent of all patents worldwide. Some 130-145 million legally registered migrants live outside their countries.