The loud, occasionally violent demonstrations against globalization during the World Trade Organization summit captured world attention. Despite the unruly protests and misplaced target, the critics of globalization offer some powerful insights into the social stresses brought about by rapid economic change and technological advances.
Globalization carries a genuine human price tag.
Luckily no, and here's why the barriers to trade will continue to crumble over the next several decades. Despite its negatives, the economic benefits of freer trade and open markets are simply too good to pass up. The economic evidence and historical record overwhelming 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. The positive feedback between trade and innovation is accelerated with access to larger markets. Indeed, trade walls are still coming down, not up.