Globalisation does have its benefits for third world countries like India, but those benefits are very unequally distributed - and could thus make the poor feel even poorer relative to the nouveau riche in their midst (or more likely up on the hill).

The problem is partly that in a world with an almost unlimited supply of labour - the price of that labour cannot but fall - except for those in direct and indirect receipt of rental income from capital.

Index of Frank's Diaries