The only difference is that instead of colonial countries exploiting the subjugated people and their resources, transnational capitalists are on a rampage in the developing world, at times with the connivance if not active participation of the rich elite of these poor countries. Clearly, globalization presents challenges. But, it is here. Never before have U.S. citizens and businesses been more involved internationally. We cannot stop the world and get off.
Globalization is a fact of life for the foreseeable future.
Yet, we must find ways to reap its benefits for all people while also mitigating or overcoming its dark side. According to the 1999 UN Human Development Report, the challenge of globalization in this new century is not to stop the expansion of global markets. In this era of globalization, it is the security of people that should really matter, not the security of governments, institutions, enterprises, or organizations. The role of the latter is to contribute to the security of people. This human security includes aspects that are political, physical, social, economic, environmental, and human rights.