Who Does Globalization Benefit?

Paper Summary:

The paper discusses the belief of many that opening up access to markets, resources and personnel will ultimately lead to a higher standard of living for everyone. The paper then discusses the North American Free Trade Association (NAFTA) agreement, the Multilateral Agreement on Investment (MAI) and the World Trade Organization's recent Intellectual Property Agreement, which mean big profits for big corporations, but hardship for the billions of individuals these agreements affect. The paper therefore concludes that the world of multinational corporations is beneficial only to a few and damaging to many.

From the Paper:

"For several years now, talk of globalization has assumed a prominent place in the media. No matter where one looks, it seems, there is either a multinational corporation looking to expand into some new market, or a citizens' rights group seeking to prevent it from doing just that. The North American Free Trade Agreement (NAFTA), Intellectual Property Rights, the Multilateral Agreement on Investment (MAI) proposal, and many other programs have been proposed or adopted that aim to extend the reach of big business. Large international firms make the claim that such agreements are essential to the smooth functioning of the modern economy."

Sample of Sources Used:

• Bhagwati, J. (2004). In Defense of Globalization. New York: Oxford University Press.
• Brennan, T. (2003). Globalization and Its Terrors. London: Routledge.
• Buckley, P. J., & Ghauri, P. N. (2004). Globalisation, Economic Geography and the Strategy of Multinational Enterprises. Journal of International Business Studies, 35(2), 81+.
• Eden, L., & Lenway, S. (2001). Introduction to the Symposium Multinationals: The Janus Face of Globalization [*]. Journal of International Business Studies, 32(3), 383
• Greenhouse, Steven. (22 July 2004). "I.B.M. Explores Shift of White-Collar Jobs Overseas." New York, NY: The New York Times.

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