Globalization, Progress, and Poverty - So They Say - Brief Article

Choices: The Magazine of Food, Farm and Resource Issues, Fall, 2001

Thompson says, "It is very likely that globalization will be debated for as long as there are some who perceive its undoubted advantages, while others fear its unsettling consequences. Also, many will resent modernization itself, at least in its current guise - capitalist, liberal, democratic, and secular - as an affront to their cherished social, political, and cultural beliefs.

The listing of globalization's defenders includes some luminaries as Adam Smith, Nobel Prize winner Milton Friedman, trade expert Jagdish Bhagwati, and M.I.T. professor Rudi Dornbusch who makes repeated use of the well-known University of Chicago doctrine that markets solve problems best." Thompson, James W. "Globalization: Its Defenders and Dissenters." Business and Society Review, 106 no. 2(2001), pp. 170-79.