Two Faces of Globalization

Two Faces of Globalization

Munificent and Malevolent

Dilip K. Das

Like the ancient Roman god Janus, globalization has two faces, one benign and the other malign. In this comprehensive and authoritative book, Dilip K. Das fills a gap in the literature by examining both aspects of the contemporary phase of economic globalization.

Chapter 4: A Vituperative Anti-Globalization Movement

Dilip K. Das

Subjects: asian studies, asian urban and regional studies, economics and finance, international economics

Extract

ANTAGONISTS OF GLOBALIZATION Many people from different walks of life and with diverse disciplinary and ideological backgrounds regard globalization as a malevolent phenomenon. They regard globalization with deep-seated skepticism and hostility. Together, they succeeded in launching a fairly successful antiglobalization movement. Evidence of trenchant and unyielding opposition to globalization is endemic. Its manifestation in diverse forms is widespread. When venerable scholars like Joseph Stiglitz (2003a, 2003b, 2005, 2006), with priceless academic credibility, write critical books like Globalization and its Discontents, they are avidly read by a large readership of academics, policy makers and business decision makers. Award-winning journalists like Naomi Klein (2000, 2002)1 write articles and books discrediting globalization, in particular the business practices of large business houses and transnational corporations (TNCs). Op-ed and editorial pages of major news dailies are filled with frequent criticism of different facets of globalization. The extreme views on globalization have attracted a great deal of attention, particularly in the popular media and the economic and business press. The information age has provided the movement against globalization with many more instruments to spread its disapproval of globalization than were available in the past. The protagonists and antagonists hold viewpoints that are frequently diametrically opposite. So much so that they interpreted the gruesome terrorist attack of September 11 on the World Trade Center from two opposite angles and read into it vindication of their own respective positions. The antagonists were certain that it was a justification of their belief that global integration had widened the...

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