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Originally Posted by Agamemnon
To me the interesting question isn't 'is Globalization good or bad?', its, 'is Globalization inevitable or not?'.
Just in the middle of reading Milton Friedman's, "The Lexus and the Olive Tree", and while he's a bit of a centrist/pragmatist, he certainly implies (ad nauseum) that Globalization, for better or worse, is inevitable. Its just a matter of how much you're going to be damaged fighting it, or how prosperous you'll be accommodating it.
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I agree that it is inevitable, but how can Developing nations in particular take advantage of Globalization? You've got underdeveloped economies, which can have some Multinational investment, however, with the way capital moves around the globe, those companies can bail on you at any time.
Take Nike, country hopping for making its shoes and the difference in pay is maybe 1 US dollar per day if that?
Right now, Globalization is benifiting a lot of the wealther countries and Multinational corperations. In turn, developing nations are usually exploited.
So how do the developing countries develop their economies if these MNCs just bail leaving tons of people jobless as soon as they start asking for pennies more a day?