Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed models; they miss real-world problems. In particular, they miss the point that the world is finite. We don’t have infinite resources, or unlimited ability to handle excess pollution. So we are setting up a “solution” that is at best temporary.
Globalization uses up finite resources more quickly
Globalization increases world carbon dioxide emissions
Globalization transfers consumption of limited oil supply from developed countries to developing countries.
Globalization transfers jobs from developed countries to less developed countries.
Globalization tends to move taxation away from corporations, and onto individual citizens.