Regional solutions or attempts to close or limit these new markets are not viable in this new context where the disadvantages of low-cost imports and subcontracting abroad are compensated by better prospects for the export of goods and services worldwide. The problem is that this system creates at the same time winners and losers, and sometimes there is quite a significant lapse of time between the losses of today and the promises of gains for tomorrow. Today's global crises change the balance between winners and losers much more brutally than earlier. When economic activity, financial and capital markets, and labour markets become global, crisis travels much faster as well. Consider the development over the last twelve to eighteen months.
Asian tigers are stunned and lick their wounds.
The wages of Russian workers are still not paid, and the emerging middle class of that huge country has now also been administered a shattering blow. Uncertainties loom on the Latin American horizon, and every major exporter in Northern America and Europe is reassessing short and medium term prospects. If the prevailing impression is that globalization leads to more insecurity and a growing lack of social justice, to an unforeseen appearance or increase in unemployment and poverty, then the ground is fertile for extremist slogans equalling globalization with the loss of jobs and income. This is why it is necessary to establish an appropriate framework for international trade and investment and the transfer of activities from one part of the world to another. In order to promote real and sustainable development, it is necessary to ensure that there will be a more equitable distribution of work.