Wealth Destruction – The Dark Side of Globalization

The most significant economic development of the last thirty years has been the trend known as globalization. It is characterized by the removal of national barriers to the movement of goods and capital within a worldwide financial system. The result has been the transfer of economic activity to countries of “lowest cost” in terms of wages, work practices and environmental impact Globalization has been “sold” to all concerned on the ground of economic efficiency. The free movement of Read More …