IN THIS SUMMARY
Globalization has been occurring for 200 years, and has been feared for nearly that long. In fact, the balance between local and global has remained nearly unchanged. Globalization discusses the fears, realized and not, of the impact of globalization on local economies. Globalization features an in-depth discussion of the history of globalization and the impact it has had on local employment, corporations, and finance, as well as its role in the development and growth of individual countries. Bruce C. Greenwald and Judd Kahn explain why concerns about the negative impacts of globalization are irrational, and how the natural economic forces at work will prevent negative consequences and promote the growth of local economies. The book addresses those situations in which globalization has negatively impacted specific areas and how similar situations might be avoided in the future.