News

Former World Bank executive
Arnold Clift to speak on globalization

BELLOWS FALLS—Arnold Clift, former World Bank executive, will talk about the “pros and cons” of globalization on Tuesday, Nov. 10, 7 p.m., at the Rockingham Free Public Library.

“As the countries and societies of the world are becoming increasingly interdependent, it may be useful to try to analyze some of the more important dimensions of ’globalization’ and examine how different groups of people and countries have fared from the process,” says Clift. 

The talk will be an introduction to and overview of globalization.

Clift will focus on the economic aspects of globalization and its consequences, including international communications, trade liberalization, global capital financial movements, cross border migration, and the global environment.

The discussion will explore the main “winners and losers” from globalization, and how it is affecting both industrialized and developing countries.

The roles of the IMF, World Bank, and WTO in the global economy will be examined briefly, along with how the globalization process might be reformed to achieve greater equity.

After graduating from Cambridge University,  Clift joined the UK Treasury and from 1968 to 1971 served as First Secretary Finance at the British Embassy, Washington, D.C.

He joined the World Bank in 1972, where he worked on Bank-financed projects and economic reporting on developing countries in several regions of the world. He served as Deputy Secretary of the Bank from 1993 to 1995.

This event is free and open to the public.

For information, call RFPL, 802-463-4270