To me, globalization just is. Those countries, those companies, those people who adjust to a changing world will do better. Those who resist will suffer. The world keeps changing. But if we cling to the ideas and models of yesterday, we surely will pay a price.
Some people think that larger countries benefit from globalization, while smaller countries suffer.
The World Economic Forum, best known as the sponsor of the annual Davos meetings, conducts an annual survey of global competitiveness. Hundreds of thousands of Americans, however, lost their jobs in the 1980s because of imports from smaller, less developed countries is Asia. But the globalization debate in the U.S. is not over. The Congress has rejected fast track negotiating authority for new trade agreements. I mentioned the annual survey of global competitiveness that is conducted by the World Economic Forum in Switzerland.