Globalization Is The Main Idea Of The Book Essay

1) First of all, what is globalization? And what are some arguments in favor of and against it? - Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, there are plenty of economic, cultural and political arguments in favor of and against it. Some arguments in favor of globalization are that it promotes democracy, creates jobs (by dividing labor around the world), promotes knowledge and an interconnected world, and makes the world â€Å"borderless.† On the other hand, globalization is evil because transnational corporations exploit workers abroad, countries lose their own identities, promotes consumerism, destroys the environment and, most importantly, instead of improving a country’s society and economy, it actually creates more poverty. 2)What is the main idea of the book? - In his book How to Make Globalization Work, Nobel Prize-winning economist Joseph Stiglitz blames globalization and the entities that are in charge of its performance for many of the catastrophic events that have occurred around the globe, and for the astronomical increase in inequality and poverty on a global level. Stiglitz’s main concern is not globalization itself, though. 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