Quote

Globalization creates economic policies where the transnationals lord over us, and the result is misery and unemployment.

Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.

While big business gain subsidies and political access, small businesses drown in red tape, and individuals now risk being classified as terrorists for complaining about it. Economic globalisation is about homogenising differences in the worlds' markets, cultures, tastes and traditions. It's about giving big business access to a global market.

Globalisation will make our societies more creative and prosperous, but also more vulnerable.

Globalisation means that for a high-wage, developed economy like Britain's to compete we need to focus our efforts on the highly skilled, added-value sectors such as advanced manufacturing, creative industries, engineering and even financial services.

During the boom years of the 1990s, globalization emerged as the most significant development in our national life. With NAFTA and the Internet and big-box stores selling cheap goods from China, the line between national and international began to blur.

Fortunately there is more wealth in the world than there was at the time of the global economic crisis of 1929 - Chinese, Indian, Arab and Russian.

Globalization is a fact of economic life.

Global interdependence today means that economic disasters in developing countries could create a backlash on developed countries.

We have benefited greatly from the globalization of the economy in the last 30 years.