Globalization in essence is companies and governments climbing onto the world stage and interacting internationally.
Globalization has helped some, but it has also hurt a lot, specifically through:
Making the rich richer
Removing trade barriers only for new ones to rise (VAT taxes, etc.)
Increased trade deficits with many jobs leaving their developed nations for less developed ones (U.S. manufacturing to China, etc.)
Developed country job pay cuts
MNC's leaving countries and exploiting international tax havens
MNC's overseeing bad work conditions in countries with less regulations
MNC's influencing international politics
Exploitation of labor
Social welfare schemes
Et cetera, et cetera...
All the problems we hear about with companies leaving their countries and stranding thousands if not millions of people without jobs, and labor issues in other countries all stem from globalization. So we need to decide if the benefits outweigh the costs here or not...
