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Originally Posted by Mr Mephisto
I think you're confusing global trade with globalization.
Globalization is the creation of massive free trade areas, the removal of tarrifs, the "opening" of developing markets to large multi-nationals, the punishment of countries who try to protect their economies and so on.
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They are trying to remove political risk factors from international trade decisions.
This encourages investment, because you know more of what you are getting into.
Yes, it has costs, and maybe there are better ways to do it. But I think it has done more good than harm.
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Originally Posted by Mr Mephisto
Global trade is good. You and I agree.
Globalizations is just another word because the West and the mega-corps thought that "exploitation" just sounded too dirty.
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The problem is, Global Trade goes hand-and-hand with Globalization.
Would you build up alot of infrastructure in another country, if there was absolutely no incentive for that other country to honour your contracts?
Making it less risky to invest in other nations is the philosophical goal of Globalization, as far as I can tell. It fails to reach it's ideals often, and like all extremely powerful economic forces people are hurt by it, but at the same time it seems to be working.