Arguments Supporting Globalization

Expanding trade by collectively reducing barriers is the most powerful tool that countries, working together, can deploy to reduce proverty and raise living standarts.
That three trade is the best strategy for advancing the world's economic development is one of the few propositions on which almost all economists agree, not only  because it is theoritically compelling, but also because it has been demonstrated in practice. On a wide range of measures--proverty,education, health, and life expectancy--more people have become better off at a faster pace in the past 60 years than at any time in history. Evidence is strong regarding the dramatic decline in both the proportion and absolute number of destitute people. The latest World Development Indicators from the World Bank show that the number of people in extreme proverty fell from 1.5 billion in 1981 to 1.1 billion in 2001. measured as proportion of the population in developing countries, the decline was from 39.5 percent in 1981 to 21.3 percent in 2001. Between 1981 and 1999, the proportion of people in the East Asia and Pacific region living on less than $1 a day fell from 56% to 165. In China, it plummeted from 61% to 17%. In south Asia it fell from 52% to 31%. South Korea and other Asian economies had made a full transition to modernity. Within a generation,s time, there has been an enormous improvement success stories was based on export led growth facilitated by the liberalization of trade.
Of course, countries can reject globalization and some have, including Myanmar, the Democratic Republic of Congo, Sierra Leone, rwanda, madagaskar, Guiea-Bissau, Algeria, the Republic of Congo, Burundi, Albania, Syria, and Ukraine. They are among the most impoverished countries in the world. As an article in The Financial Times putsit, "they are victims of their refusal to globalize.'
expanded trade is also linked with the creation of more and better jobs. Over the past two decades--a period of immense technological change and growth in trade--aroung 40 million more jobs were created than were destroyed in the united Sites. It is true that, when a country opens to trade,just as when new technologies are developed, some of its sectors may not be competitive. Companies may go out of business and some jobs will be lost. but trade creates new jobs and these tend to be better than the old ones. The key is not to block change, but instead to manage the costs of trade adjustment and to support the transition of workers to more competitive employment.