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Globalization Acceptable? Fair or Just?

Globalization is the ultimate stage of this process opening up domestic economies by reducing protection, increasing foreign trade and liberalizing the flow of foreign investments. The world as a whole benefits from this; but there can be, and there are, losses to some. While companies in major, powerful, and rich countries can gain investment in poor countries, the local people may suffer. The influx of foreign capital can easily damage or destroy the existing local industry and agriculture. It is a specific case of an extremely wide income distribution producing a poor market solution in this case on the global scale- the market operates to supply what is demanded by those with the money to spend. So with globalization many of those living in richer countries (including their poor) gain; the world as a whole is better off; but this is scant consolation to those in poor countries who may suffer. There are often the poorest of the poor.
Is globalization acceptable? Is it fair or just? It is an emotive issue in which morals, ethics, and value are hotly debated. Some economists hold strong, some would say extreme, views that globalization hurts the poor and is simply wrong (antagonists). And some economists say that the world as a whole benefits and most are better off (protagonists).
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