I make no judgement about globalisation. Man has been trading and seeking more trade since the beginning, only that its gotten a lot easier recently and has taken on a fancy new name like "globalisation". On the whole, free trade in goods and services raises most people's wealth. However, in high cost centres (like Singapore), we can expect that some of the less skilled will suffer as jobs move to cheaper locales. Our loss is somebody else's gain. So its not true that all the poor suffer as some poor in poorer countries will actually benefit from this flow.Originally Posted by scanner
However, humanity demands that we look after the less privileged within our own society. To this end, "globalisation" is often the enemy (though not always). There is no easy answer, but I suspect unplugging ourselves from the global trading system is not it.