We concluded the semester by talking about Neoliberalism. A Neoliberalist would support free trade. They also support things like the IMF and the World Bank. From the Neoliberalist view point globalization can only truly succeed, if all countries are able to trade with each other. There are currently many restrictions and tarrifs on trade from certain countries to other countries. An example of this would be the US not trading with North Korea or Cuba.
The opposition to the Neoliberalist view would say that capitalism typically helps developed countries more than countries that are not developed. Free trade globally could make things so that developed countries are not accountable for what they do overseas. Undeveloped countries would continue to be taken advantage of, as developed countries outsource. With the restrictions companies are not allowed to outsource all of their jobs for low wages in other countries. Instead companies have to build in their own countries and abide by the outsourcing restrictions. So basically free trade means more wealth, money and a better life for develop countries and the exact opposite for underdeveloped countries. This also would never give the undeveloped countries a chance to improve.
I like the idea of free trade but when you break down its effects, I don't think it is worth it.
On another note in class someone mentioned the thought of globalization leading to one mass culture. Any thoughts on that?