
"Globalization, as defined by rich people like us, is a very nice thing... you are talking about the Internet, you are talking about cell phones, you are talking about computers. This doesn't affect two-thirds of the people of the world." -Jimmy Carter
It can be scary to think that we are dependent on countries for something as vital as oil, but also scary to think of a world where everything cost immensely more because it couldn't be manufactured in countries where labor is so cheap.
The basic idea behind capitalism is that competition is good. It drives down costs, ensures quality, and offers a larger choice for consumers. Globalization would seem to be the epitome of this, as it not only allows for this competition, but also allows other nations to become real competitors in the global market.
As the chapter points out, globalization of the 20th and 21st centuries represented "an immense, rapid, and unprecedented creation of wealth with a demonstratable impact on human welfare. Life expectancies grew almost everywhere, infant mortality declined, and literacy increased. The UN Human department Report in 1997 concluded: 'that in the past 50 years, poverty has fallen more than in the previous 500'." Truly this is a momentous achievement.
However, the chapter also points out the darker side of globalization. The outsourcing of jobs, exploitation of the poor in many under-developed countries, and rise in human trafficking are all examples of the negative effects globalization has brought to the world. The chapter also mentions the income inequality gap growing among the world as a result. I would argue that this is really a result of capitalism, and that globalization is merely the medium with which this is being spread.
However, I think that a lot of the arguments against globalization, while well-intentioned, are not entirely convincing.
I think that many of them rely on seeing the world as a zero-sum game. The idea that the success of India or China hurts the U.S., might be true in terms of short-term economics, but I think long-term it is a positive.
I think that the economic crisis is a perfect example of the need for globalization. It represents a perfect example of a non-zero-sum game. It is a game in which either we all loose or we all win. These are the kinds of games on which I think the success of the whole world essentially rests. In order to play these games successfully, it is very helpful to have countries which are integrated in a network which allows them to work together in overcoming hurdles rather than each simply attacking the challenges without coordination.
For this reason, I think that while there are certainly negatives to globalization, in the end, it will turn out to be a tool which is invaluable in solving the problems not only of today, but of tomorrow.









