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Wordcount: 3875
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Globalization: Threat or Opportunity?
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I. Introduction
The term "globalization" has acquired considerable emotive force. Some view it as a process that is beneficial—a key to future world economic development—and also inevitable and irreversible. Others regard it with hostility, even fear, believing that it increases inequality within and between nations, threatens employment and living standards and thwarts social progress. This brief offers an overview of some aspects of globalization and aims to identify ways in which countries can tap the gains of this process, while remaining realistic about its potential and its risks.
Globalization offers extensive opportunities for truly worldwide development but it is not progressing evenly. Some countries are becoming integrated in
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