The path of economic globalisation must be changed in order to avoid undermining social security. Otherwise it will continue to exacerbate poverty, and therefore violence, warned a number of panellists Monday that included Joseph Stiglitz, Nobel laureate in economics. "The essence of economic globalisation is that it should bring job security. If there were such a commitment, developing countries could have opened markets by explicitly tying market access to job opportunities," said the U.S. expert who served as the World Bank’s chief economist from 1997 to 2000. Stiglitz was speaking at the seminar on ‘Globalisation, economic and social security’, which drew more than 1,000 of the tens of thousands of WSF participants who came to listen to him give a critique of issues that his former employer, the World Bank, has been known to push.