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Toward a Framework for Achieving a Sustainable Globalization
Author(s) -
PREBLE JOHN F.
Publication year - 2010
Publication title -
business and society review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 21
eISSN - 1467-8594
pISSN - 0045-3609
DOI - 10.1111/j.1467-8594.2010.00367.x
Subject(s) - globalization , poverty , backlash , sovereignty , variety (cybernetics) , free trade , goods and services , economics , liberalization , inequality , economic system , political economy , development economics , political science , international trade , economic growth , market economy , law , politics , engineering , mechanical engineering , mathematical analysis , mathematics , artificial intelligence , computer science
Widespread trade liberalization and economic integration characterize the current era of globalization. While this approach has resulted in significant job creation, improved living standards, and a wider variety of cheaper consumer goods and services, opponents question if globalization's benefits outweigh the dislocations and downsides that it causes. Protestors are intent on stalling or rolling back globalization's progression and our review of the history of globalization reveals that a backlash is not without precedent. The article carefully examines the myth and reality of these two opposing positions on four key areas of the globalization debate: jobs; inequality and poverty; national sovereignty and cultural diversity; and the natural environment. This information is then utilized to derive a broad set of feasible policy recommendations that could help bring about a more sustainable form of globalization.