Is Globalisation Really Necessary?

@siva12 (800)
December 19, 2006 1:44am CST
For some, globalisation is the way to a better future, offering gains through specialisation according to comparative advantage and an opportunity for developing countries to raise their living standards. On the other hand, critics hold globalisation responsible for a variety of social problems: for high unemployment in the industrialised world, for pressure on wage levels and for the present instability in financial markets.
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