APPRECIATIONS ON CRITICS OF THE GLOBALIZATION PROCESS

Globalization has become not only one of the most fashionable words used by politicians, business people, union leaders and economists alike, it has also assumed the role of scapegoat for everything that is wrong in the world. Globalization is the phenomenon that has raised the fiercest debates and has made the topic of several conferences and congresses, as well as of important meetings attended by government representatives from all the world states. Opponents of globalization believe it is the very source of all financial crises, as the capital invested in promising economies is suddenly being withdrawn at the first sign of political or economic weakness. Globalization is what increases the inequality of income on a national level, thus leading to a widening of the gap between rich and poor nations. The debate over globalization is much broader than what the members of the two competing teams may imagine. The novelty brought about by the dispute over globalization is that both individuals and institutions fight together against the negative repercussions of globalization.