It occurred to me in discussion today that many of the arguments presented by both authors seemed superfluous, in that they didn't address the deeper issues involved in trying to assign the words "good" or 'bad" to globalization. I can't cover everything, and all data sources are scattered throughout various texts and data archives (therefore there are no citations, just an invite for discussion.) This isn't an absolute statement. I just think there is more to question.
Culture.
Cultural values vary by region. Most Western-Liberal democracies recognize the priority of the individual, and the initial means of government is to protect individual rights, which is usually accompanied by an independent media, and a set of enumerated rights on which a government must have a sufficient interest to infringe upon. Most individuals are believed to be rational beings capable of making their own choices.
Many Confucian-influenced societies view the society as prior to the individual, and the chief end of government is preserving the status quo. There are individual rights, but the individual is believed to only be a part of the overall scheme of the society.
How does the mass availability of similar goods throughout the world effect these regions on an individual or societal basis? Is the world-system truly reflective of world values, or just Western-Liberal ideology?
Economy.
It seems that nobody here questions the pros and cons of a capitalist IPE. Liberal economic theory dominates the international scene, backed by the major western powers, and further propagated by IGOs such as the WTO and the World Bank. Adam Smith's invisible-hand has very much become an iron-fist.
The line of consumer products starts with capital investment. An entrepeneur with a "good" idea (good meaning profitable) attracts investment groups (groups that have significant pooled resources). These are often banks (CitiBank, DeutschBank, etc.) that have managed to congolmerate large amounts of free capital purely for the purpose of investing in new enterprises. With very few hands controlling vast amounts of economic energy (capital available for investment), where does the average individual fit in? Is it fair so few control so much?
Next is acquiring raw materials: oil, minerals, etc. Do smaller NICs and LDCs have power to resist demands of MNCs? Are the prices MNCs acquire these raw materials fair to those states?
Then production. Capitalism needs labor to produce finished consumer goods, rendering raw materials such as silicon and oil into nintendos and playstations. To be profitable, companies must squeeze excess value from labor and pump it into the final price of the product on the market. This is why NAFTA, ASEAN, and the EU areso good for MNCs: with tariffs on imported goods slowly disappearing, MNCs can use cheap labor in NICs and LDCs to squeeze even more excess value from the labor, because those end consumer products will be sold in the most industrialized countries. Example: GM in Mexico, DaimlerChrysler in Romania. Romanian workers have to save for 26 years to buy one of the Mercedes they are producing. Is this good? MNCs use this excess capital to absorb possible losses in the production process. This is because overproduction has become the norm in the international corporate world: it keeps prices down, and even if every unit isn't sold, the excess value assigned to each product on the open market absorbs the waste cost.
Is it fair that MNCs can exploit both the cheap labor of NICs and the fat pocketbooks of industrialized countries? How much of a profit margin is truly needed? Is corporate personship (protection of corporations as individuals with distinct rights) a democratic process? Was it ever put to referendum? Are democratic states better for individual liberties, or even better for MNC profits (because of the protection of corporate assets)? Which is worse: liberty without profit, or profit without liberty? Does liberty hinge upon material possession, and having the ability to possess more than one needs? Does the environment matter? Should corporate practices be legal only if they're sustainable? Is your McLife worth more than the environment?
***This is not to criticize individuals. These are just thoughts that run through my head as I'm standing in line at Best Buy wondering if I really need everything I throw my money at.
***I just think blind acceptance of higher authority is illogical; any appeal to such an argument is a fallacy.