Essay by hany amberUniversity, Bachelor'sA-, November 2002

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Most , if not all, of us may know or at least heard about the new term that has brought to us lately by Multinational Corporation (MNC) and big companies, which is globalization. Globalization as defined by Michael D. Bordo, a columnist in Business Economics magazine, is "the increasing close international integration of markets for goods, services and factor of production, labor and capital." Going back on the timeline to the late 1970's when globalization was still an unborn idea in the hand of some economists who foresaw the globe in thirty or forty years ahead. Today, the dream came true and distance units such as miles no longer measure the globe; instead it's measured by economics, side by side with politics, units. Although globalization may seem fascinating and amazing to many economists and political leaders, "you can't satisfy all people's needs and wants," as an ancient philosopher said. This open world that is based on a ground of free trade, capitalism, and liberalism is no more an appropriate world for human creatures like us after the hidden implications of globalization that have been recently debunked.

Opposing those organizations that have lately opened in favor of free trade, anti-globalization agencies speak out divulging the fake mask that globalists wear. Edwin A. Locke, a dean's professor Emeritus of Leadership and Motivation at the University of Maryland, is a key supporter for international open trade. He wrote an article that appeared in Capitalism Magazine May 1st of this year undermining what anti-globalists claim about the ordeals and disasters capitalism and globalization have brought about. He says that the fears of exploiting labors, degrading environment, and weakening small nations are unreasonable claims that stand on a soft ground without a concrete basis. However, one might argue powerfully and enthusiastically that globalization has...