Economists such as Johan Norberg argue that economic globalisation is a good thing. Yet voters and governments often seem unconvinced of the overall benefits as we have seen in the recent US elections. Why is this? Explain the most common arguments about what are the “bad” aspects of the economic globalisation process. You should include globalisation problems that are generally accepted by credible authorities on globalisation rather than exaggerated claims by political anti-capitalist groups.
In your answer use the US as an example of the globalisation problems that can emerge more widely in the developed world. Why do the globalising developing countries not face these problems?