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Argument: Globalization is not rampant, remaining fairly limited in scope globally

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Supporting quotations

  • Martin Wolf, Why Globalization Works?. Yale University Press. 2004. ISBN 0-300-10777-3. pp 4. - "Many European countries liberalized capital flows only about 1990. The opening spread to much of the rest of the world, in both trade and capital flows, in the 1980s and 1990s."
"The second point is that the degree of international economic integration remains limited. The high-income countries are more open on trade and capital flows than ever before. But they continue to protect labor-intensive, resource-processing and agricultural activities. In so doing, they inflict substantial harm on developing countries. The high income countries also operate tight control on inflows of immigrants. Many developing countries still remain more closed to trade, capital and movement of people than they were a century ago. Net flows of capital and direct investment to developing countries are, in all, also very modest. Globalization is not rampant. It remains remarkably limited."

Counter-argument(s)

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