What is globalization, anyways? "Globalization is a condition defined by mutually assured dependence."
(Thomas P.M. Barnett, former professor at the U.S. Naval War College, March 2004)
How does this manifest itself on a daily basis? "In an age of globalization, we need to recognize that others' problems are our problems too — and that we do not have all the answers."
(Clyde Prestowitz, president of the Economic Strategy Institute, June 2003)
Does globalization result in the loss of U.S. jobs via outsourcing? "Although the impact of globalization on American jobs has been over-hyped in the past, its impact in the future will be hard to exaggerate."
(Stephen S. Cohen, professor of economics at University of California, Berkeley, February 2005)
What should be done about it? "Displacement that results from globalization can cause serious pain — but protecting lower-skill jobs is not the answer. Nor is putting a hold on new trade agreements."
(Carla Hills, former U.S. Trade Representative, July 2000)