Is Globalization a Necessary Evil? Side Effects of the Globalization

Claudia Diana Popa ()
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Claudia Diana Popa: Dimitrie Cantemir Christian University

International Journal of Academic Research in Accounting, Finance and Management Sciences, 2012, vol. 2, issue Special 1, 243-250

Abstract: Globalization has stimulated much controversy in recent years. Massive demonstrations are held to coincide with meetings of the World Trade Organization (WTO), the International Monetary Fund (IMF), the World Bank and other gatherings of government and business leaders dealing with the process of developing international trade and investment. The two sides see the globalization in a very different light. The critics of globalization believe that free international trade in goods and financial assets does more harm than good. They view it as a vehicle for enriching corporate elites, to the detriment of poor people and the environment. On the other hand, the supporters of free international trade think that globalization holds the key for increasing the wealth of world's people.

Keywords: Globalization; multinational corporations; elites; poverty (search for similar items in EconPapers)
JEL-codes: O1 O10 O4 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijaraf:v:2:y:2012:i:1special:p:243-250

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