Globalization is Good

Johan Norberg's take on globalization was absolutely an eye opening experience, and as a women's studies minor, I feel a wee bit qualified to comment on eye openers. Up to this point, I can probably safely say that I had been brainwashed regarding globalization and sweat shops. Of course I can't sit here, watch a few videos, and claim that globalization is perfect, but it definitely does have its benefits. While providing seemingly meager wages, sweatshops provide competitive market wages with regards to local and regional standards. Through the competition, globalization in this aspect promotes market efficiency. The video clip has also shed light on the various governments imposing restrictions on the growth of globalization and the consequent effects on the economies. By juxtaposing current prosperous nations to poor nations, at which level the prosperous nations were once at, Norberg demonstrates the potential for economic expansion in the poor nations avoiding globalization. Thus, we can see that it is in fact the governments that are responsible for the lack of economic growth by oppressing globalization which would result in competition, resulting in labor and wage growth. In the long run, such infusion would dramatically improve the economies of such countries.