Globalization makes it possible for goods to be traded without boundaries. The countries who produce a good most efficiently, will produce that good and trade it in order to get other goods. This means that the most efficient country will produce, which is positive for the economy. This also means that many factories are moved to low-wage countries, causing people to loose their jobs and causing environmental damage. Therefore the resistance against globalization grows, but is globalization worth a second chance?
Last week, I went to the FD National Economist Debate. The debate was about globalization and its different sides. What is the opinion of notable economists, professors, politicians and students on globalization and trade agreements?