The demonstrations against globalization during the World Trade Organization summit in Seattle certainly captured world attention.
Globalization carries a genuine human cost.
Fortunately, the answer still seems to be no. Despite its negatives, the economic benefits of freer trade and open markets are simply too good to pass up for the developed and developing worlds alike. The economic evidence and history overwhelmingly support the view that freer trade invigorates economic growth by encouraging the spread of new commercial ideas, new technologies, and new ways of organizing everyday life. Trade and innovation are accelerated with access to larger markets. For example, a computer program written in Washington State that could only be sold in Washington State is far less valuable than one that can be sold the world over.