For the past 10 years, there has been an unprecedented expansion of global markets and production. Not only has world trade increased by six-fold, but also nations, including India and China, have seen remarkable growth in national wealth.
However, globalization has its dark side. Never in the history of humanity has there been such a stark inequality in income distribution or the destruction of our environment. For these and other reasons, for the first time in 4 decades, we saw a dramatic retreat in globalization from 2016 to 2017.
Please Google the economist magazine’s article “globalization on retreat” (and any others you come across) and discuss the argument for or against globalization