Globalization and Its Contents 29 Globalization and Its Contents (original) (raw)

AI-generated Abstract

Globalization is often incorrectly viewed through a lens of negativity, focusing on its perceived flaws and dangers, such as economic inequality and environmental degradation. However, a reevaluation shows that it encompasses a range of beneficial cross-border interactions that facilitate human progress, especially evident in the dramatic improvements in health, infrastructure, and standard of living over the past century. The paper argues for a proactive approach to globalization, suggesting that enhancing human capital in poorer countries and shifting subsidies in wealthier nations can create more equitable markets, ultimately contributing to global well-being.