The Church of England’s senior prelate, Rowan Williams, archbishop of Canterbury, hosted a lively discussion about capital flows in the global economy and their impact on emerging markets last month.
He joined Muhammad Yunus, founder of micro-credit provider Grameen Bank, and economist John Kay in London’s St Paul’s Cathedral to address the question: “Is there an alternative to global capitalism?” Yunus argued that the developing world’s workers are highly specialized and could escape subsistence, but are excluded from the global financial system.
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