Globalization and Its Discontents

http://en.wikipedia.org/wiki/Deregulation
http://en.wikipedia.org/wiki/Wto
This is the time of globalization. The 21 century is expanding its ideas on freer trade and free market capitalism to multiple nations across the world. these ideas are ruled by three certain policies WTO, the IMF, and the World Bank, all benifiting the free market economy. this sounds great but some argue that in this system the poor get the short end of the stick, the rich get richer at the expense of the poor. they also say that deregulation encourages nations to harm the enviornment and also doesnt contain issues like enforcing child labor laws. on the other hand, people for globalization say that it has especially helped after ww2 getting over three billion people out of poverty. and also places like china have improved their economic status by adopting globalization.


i think that globaliztion is a very good thing, it helps expand economic growth and as we can see it can help both the rich and poor in the economy. helping establish better trade in other countries can be easily accomplished if they execpt the free trade market into their government. in doing this other countries can be more connected with the world.





Milton Friedman a big supporter of free market economy would definatly support my decison. he would like to see it spread throughout many countries.