Globaliztion

Well, globalization is posing a challenge to the sovereignity of developing countries. It leads to a condition called "economic slavery" when new policies are being formulated under the pressure of international organizations like the IMF, WTO, World Bank etc. Moreover it mostly benefits industrualists, capitalists etc. n increases the concentration of economic power and inequality. Thats why i guess its considered to be a form of imperialism. And yea, i do think the shortcomings of globalisation outweigh the benefits. For starters, it widens the gap between the rich and the poor, adversely affecting poverty eradication. It also affects the growth of agricultural and small sectors of the economy. Moreover, there is no institutional arrangement to ensure its proper functioning.