JAMES K. GALBRAITH is Professor of Public Affairs and Government at the Lyndon B. Johnson School of Public Affairs at the University of Texas, Austin.

In "Spreading the Wealth" (January/ February 2002), David Dollar and Aart Kraay make the provocative claim that global inequality has declined since 1975, mainly due to rapid growth in India and China, and that "globalizing" countries have performed far better in per capita growth than "nonglobalizers."

It is extraordinary that India, China, and Vietnam should be offered as three of the five major examples of globalizing success stories. India's relative success began in the 1980s, partly because

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