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Question: Assess the arguments for and against globalization. It would be proper to start this essay with a definition, however it seems that every text consulted in the search for a definition of globalization tends to differ according to the ideological viewpoint from which the author originates. For this reason we can use the simplest definition given by I. Moosa who terms globalization to be the "growing economic interdependence of countries worldwide through the increasing volume and variety of cross-boarder flows, and also through the more rapid and widespread diffusion of technology"1. This definition may be considered in light of the arguments that will further be presented and therefore tested for validity. The first of these arguments will assess the effect that the process of globalization, particularly foreign direct investment, has had on the poor or less-developed countries of the world. Secondly, we examine the effect that globalization has had on...

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