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In many ways, participants in the debate over globalization can be divided into three general camps:
- Supporters:those who are the staunchest advocates of globalization, believing that markets, not governments, tend to best promote economic development and human society;
- Reformers: those who support globalization with reservations, believing that markets should be promoted and international barriers to trade and investment should be reduced, but that government regulation can help mitigate some of the harsher aspects of the new changes;
- Opponents: the most severe critics of globalization, who believe that global economic and political integration corrodes many human values, and who support efforts to promote an economic system that emphasizes local production.
To learn more about this fascinating and ongoing debate, students may wish to read more of the writings of economists such as David Dollar, Anne Krueger, and Jagdish Baghwati, on the pro-globalization side. For critiques of the current system that accept many of the basic principles of free markets, authors such as Amartya Sen, Joseph Stiglitz, William Greider, and Dani Rodrik have written some of the most prominent works. And for the analysts of globalization who are the most critical and want to stop or reverse the process, students may turn to Gerry Mander, Lori Wallach or organizations such as Global Exchange. The bibliography of this Issue in Depth includes specific works by these authors.
Click here to read more about the drop in foreign direct investment and how it affects developed and developing nations.
Click here to read about China as a number one target for foreign investment in 2003.
Click here to learn more about international oil markets and the global economy.
Click here for a Video Interview on microfinance.
For additional information on investment and environmental concerns, read “Global Shipping Going Green?“
For other investment news stories, click here.
Next: Local Perspectives