ABSTRACT
This chapter begins with a description about a Nobel Prize winner in Economic Sciences and former World Bank Senior Vice-President and Chief Economist, Joseph Stiglitz. The problem with globalisation, according to Stiglitz, is not with the concept or the trend itself, but with: the way globalisation was managed, which was disadvantageous to developing countries; even disadvantageous to many people in developed countries. Stiglitz acknowledges that 'one of the concerns is that some special interests, corporate interests, have been able to do within the international agenda what they could not do within the domestic agenda'. In common with Stiglitz, Herman Daly is rather critical of the way the globalisation agenda is being advanced. Lovins made his name as a co-author of Factor Four, published in 1997, which was about doubling wealth while halving resource use. One of the concepts embedded in natural capitalism is Janine Benyus's notion of 'biomimicry'.
