In Defence of Globalisation

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“In defence of Globalisation” considers the arguments of the anti-globalisation and shows the peril they pose to world development. Has globalisation brought more good than harm to the world at large? Bhagwati in “In defense of Globalisation” considers and clashes the anti-globalisation views on the basis that globalisation is the right way towards world development. Although he supports globalisation, he notes that there are problems with globalisation but he shelves them and considers them trivial compared to the advantages brought about. However, I think that the advantages brought about by globalisation are trivial compared to the degradation that it causes. Yes, it might be economically enriching, and this is mostly to the host country only, but the impact it has on the environment, on local businesses, on societies is much more devastating than can be imagined. I think Bhagwati’s views towards globalisation are ironically the views that actually pose peril to world development. We obviously cannot argue that globalisation has no advantages, it has plenty of them, but in the long run, it all comes back to whether or not these short term benefits are really worth it. I will use the arguments he uses for the anti-globalisation to show that they are not trivial matters that are raised against it and that his rebuttals are still not convincing, globalisation is not a positive contribution to world development, and it is one of the causes of the world crisis. Globalisation has therefore brought more harm than good in the world. Globalisation, economic globalisation in this case is integration of national economies into the international economy through trade, direct foreign investment by Multinational corporations, short-term capital flows, international flow of workers, and humanity generally plus technology. Bhagwati tries to make a distinction between

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