OPEN YOUR BORDER ... !!

Countries that have seen their borders opened by the force of Global trade and finance often say like this.. : the only thing worse than opening your economy to the world is not opening it.

Many critics of Globalization say that it is a major cause of poverty,that it opens up developing countries to be exploited by big foreign Corporat.s, and that it results in people in wealthy countries losing jobs when cheaper foreign imports put their companies out of business.They also criticize foreigners for "buying up" local companies and creating a homogenized world run by Multinational Corporations not accoutable to any government.

Capitalism,it must be said by me and people of my generation,is by no means a perfect system.People do lose their jobs,and some people do earn a lot of money than others!!!In centrally planned Socialist economies,jobs and income are guaranteed in a fixed level for life,on the other hand,in a Capitalist economy nothing is guaranteed,especially not equality of income.But it must be said that,despite all its faults,capitalism is the best system for eleminating poverty and creating wealth.One need only look at crumbling economies of Eastern Europe to see that socialism,despite of its claim to distribute wealth evenly,ends up essentially with little wealth or nothing to distribute to anyone.

Globalization,even for all its faults,helps economy grow around the world.For an example,during the last years of twentieth century,more than a billion people around the world excape absolute poverty through economic growth.The trick behind such development is no doubd,opening the border to free market economy.

For many people in developing countries,economic growth is the ultimate anti-poverty weapon.It means access to clean water,a safe house to live in,and a chance to educate their children to prepare for a better future.Countries with expanding economies enjoy greater freedom in politics,more social spending and higher standards for living,for both rich and poor.

Globalization,it must be noted,does benefits some people more than others.Access to technology and capital has created many new jobs for working in many developing countries.And those companies and coutries with technology and capital to sell have also benefited enormously from globalization.For example,millions of Information Technology related jobs have been created in India-not just in Silicon Valley.

Those left out,specially the high salary workers in developed countries with little or no education,have seen millions of jobs taken out by newly productive Third World workers,and until they get the training abd education they need to find new jobs,they will justifiably blame the World-Economy for their loss.