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Globalization’s winners and losers

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  1. Introduction
  2. The opposition to globalization
  3. The problem with opposing
  4. The role of the US
  5. Conclusion
  6. Bibliography

Globalization has been good to North Americans over the past few decades. As Fishlow and Parker argue, ?Television sets, microwaves, automobiles, and computers have become less expensive and more reliable,? a reality that speaks to the greater fact that our collective quality of life has risen. There are also many other perceived benefits to globalization or global market integration: job creation, wealth creation, innovation and much more. This idea that globalization is a positive economic force is one that is held by the majority of economists, as they believe when taken as a whole, it serves to create higher standards of living in the world. On the other hand though, there is a mounting insurgency, both in North America and around the world that is rejecting the benefits of globalization by saying that the negative social consequences far outweigh them. They see globalization as a process that should be stopped, or at least radically changed. They believe that globalization is driven on the greed of the few, and benefit those who are already affluent.

[...] This is especially true with regard to processing information, communication and access to knowledge. Because globalization is a process that is driven by technology, it could not exist alongside a socialist system. For this reason, those who are opposed to globalization must take a different approach than their predecessors. This has charted the way for a more contemporary approach to opposing globalization, but due to the lack of socialism as an option, this opposition has not reached a consensus on the best way to deal with the problem. [...]

[...] If the United States employed unilateralism it would be strongly opposed by other countries and would be unlikely to advance globalization in any meaningful way. The problem lies in the fact that it would not be possible for nations and private actors to come to an agreement on appropriate standards, and this would just derail trade with the third world, preventing the objective of eradication of human deprivation for being achieved (less trade means fewer jobs with means less wealth and a smaller middle class). [...]

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