Asymmetric Globalization

In the name of globalization a firm simply can tell workers if they don’t accept lower wages and worse conditions, the company move elsewhere.  By creating fear of losing job and pittance ‘asymmetric globalization’ has lowered the bargaining power of the workers. Because of hidden vested interest from business sectors and government (for foreign intervention) markets often don’t work so nicely as expected

Prof. Joseph Stiglitz, The Price of Inequality (p62).

Globalizing without Globalization

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