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Globalization can be seen as a new form of colonization or imperialism, as economic inequality and the rise in unemployment have followed with its implementation. Globalization has been criticized for benefiting those who are already large and in power at the cost of endangering the countries’ indigenous population.
This argument is illustrated with the example of Vietnam paying its coffee farmers above the world market price in the 1980s, planting much coffee, then flooding the world market in the 1990s. [4] Smith (2010) questioned the relevance of the Vietnam example, [ 28 ] and Griffiths later published a response.
The anti-globalization movement, or counter-globalization movement, [1] is a social movement critical of economic globalization. The movement is also commonly referred to as the global justice movement, [2] alter-globalization movement, anti-globalist movement, anti-corporate globalization movement, [3] or movement against neoliberal ...
The U.S. is undergoing a transformative shift away from globalization and toward localization, with initiatives such as the Inflation Reduction Act and the CHIPS and Science Act prioritizing ...
In the post-World War II period, states sacrificed globalization while embracing democracy at home and national autonomy. [7] The trilemma suggests that the backlash against globalization in the last few decades is rooted in a desire to reclaim democracy and national autonomy, even if it undermines economic integration. [7]
Demonstration in Warsaw against the 2004 World Economic Forum. This article lists significant demonstrations by the anti-globalization movement against corporate globalization since 1999, including the convergence of anti-globalization actions with opposition to the United States-led Iraq War beginning in 2003 and continuing through the end of George W. Bush's presidency in 2009.
However, because these benefits only apply to certain sectors, many populations suffer from the unintended consequences of globalization policies. An example of this can be highlighted with peasant populations across the world—between pressures to diversify a nation's sectors and oppressive AoA conditions, governments of developing nations ...
Arguments for protectionism fall into the economic category (trade hurts the economy or groups in the economy) or into the moral category (the effects of trade might help the economy but have ill effects in other areas). A general argument against free trade is that it represents neocolonialism in disguise. [62]