We already live in a globalized world. The interdependent nature of the world or at least industrialized nations is a big reason why the USA went to war in World War I and World War II. During the Cold war, are relationships with many countries around the world increased as the USA united as many countries as it could to defeat Communism in every part of the globe. The importance of having free trade and market economies and democracies in as many places as possible as a wall against Communist expansion became a key objective. So globalization I say is basically here and has been here for a very long time.
Nearly 2 Trillion dollars of US GDP is created from exports of goods and services to other countries! EXPORTS create jobs and wealth. Free Trade also creates competion which is great for the consumer, because in the long wrong we get products that are less expensive and better quality.
I can't really think of Globalization not making sense. Would it make sense for Mississippi to put up trade barriers and prevent people from other states trying to come there and work. I think not. What works on the Domestic level is good for the international level, although it will take decades to change undeveloped area's of the world.
But Globalization is process that has been going for over a century and will continue forever. As the years go by, more and more parts of the world will be touched by it. There are multi-national corporations all over the world. Corporations from different countries often merge with each other to become more effective in the business world.
My sister currently works in Dublin for a British accounting firm. An American working for the British in Ireland. Yes that is where we are at. That is globalization and the Brit Firm is lucky to have my sister working for them, just has the Irish business section in Dublin is lucky as well. So I ask those who oppose globalization, what is wrong with that? I hope to eventually work overseas as well, whether its for an American firm or a foreign firm.
I find protectionism to be silly and this idea that you should only do business in your countries borders or face a tarrif on your goods. Thats like saying U2 should have tarrifs on their albums and tickets because they are from Ireland and not the USA. As a US consumer though, I would rather buy U2 than any American band and should not have to pay a tarrif on their products because they are from another country. Of course that is not a problem, but I think it points out how silly protectionism is.
Globalism is great and is a natural result of business and what is good for business. Its not really about a philsophical pursuit of a more stable world. But then again that is a result of a globalism, but not why it is happening. Just like U2 travels across the world to increase its album sales and spread its music to new people, so do other businesses in other industry's. They do so because of the rewards and profits that are gained from doing so. Globalism is a result of captitalism. Some day there will be One world not three.