The benefits to many millions of persons are obvious and impressive. Cost
effectiveness resulting from the coordination of formerly competing
operations tends to bring goods and services within the reach of
populations who could not previously have hoped to enjoy them. Enormous
increases in the funds available for research and development expand the
variety and quality of such benefits. Something of a levelling effect in
the distribution of employment opportunities can be seen in the ease with
which business operations can shift their base from one part of the world
to another. The abandonment of barriers to transnational trade reduces
still further the cost of goods to consumers. It is not difficult to
appreciate, from a Bahá’í perspective, the potentiality of such
transformations for laying the foundations of the global society
envisioned in Bahá’u’lláh’s Writings.
Far from inspiring optimism about the future, however, globalization is
seen by large and growing numbers of people around the world as the
principal threat to that future. The violence of the riots set off by the
meetings of the World Trade Organization, the World Bank and the
International Monetary Fund during the last two years testifies to the
depth of the fear and resentment that the rise of globalization has
provoked. Media coverage of these unexpected outbursts focused public
attention on protests against gross disparities in the distribution of
benefits and opportunities, which globalization is seen as only
increasing, and on warnings that, if effective controls are not speedily
imposed, the consequences will be catastrophic in social and political, as
well as in economic and environmental, terms.
Public-domain text, read in full here on John Shaqi.
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