Inequality For All By Jacob Kornbluth

Globalization is an ongoing process where individuals, businesses, and governments move beyond their domestic markets to worldwide markets. Technology and policies, both domestic and international, are the driving forces behind globalization. A more interconnected world is inevitable with continuous technological advances. Technological advances have certainly made international trade possible for developing countries thus the potential for improving quality of lives. Globalization also depends on both good domestic and good international policies. Without good domestic policies international repercussions are unavoidable. Economic integration as well as increased global interaction have given individuals, businesses, and governments a new perspective on globalization. …show more content…
I can appreciate why people think globalization is good, bad, and/or inevitable. Globalization does give developing countries the opportunity to compete in the global marketplace. However, many argue that globalization makes the rich … richer and the poor … poorer. In the United States there is a growing gap between the upper class and the lower class effectively wiping out the middle class. Many are blaming this phenomenon on globalization. A great documentary that I highly recommend regarding this topic is, Inequality for All by Jacob Kornbluth. In my opinion, globalization is all three (good, bad, and inevitable), but mostly inevitable given all the technological advances over time. Can you imagine a life without internet, phones, etc.? At this point I simply do not foresee the global economy moving backward, similar to a time when globalization was minimal compared to today, thus making globalization