Globalization Paper

The governments of the world have been on a journey to find a way to bring peace and prosperity to everyone. In their quest they formed the I.M.F, or the International Monetary Fund, to help struggling countries with their money issues. This movement was put forth to further globalization, the theory of integrated markets, which is a hot debate with many countries. This is because while globalization has brought many benefits to some countries and it has left others in decay.

The I.M.F on its web page describes some of the benefits and problems of globalization, showing they are not ignoring the negative side effects. Although this is true they definitely seem to focus more on the positive aspects of globalization. One thing they don’t discuss nearly as much as they should is free trade. Free trade is trade that is not hindered by tariffs and other rules, letting people trade as they please. Neoliberalists fight for free trade arguing that it is going to save the world. The protectionists fight Neoliberalists claiming that if we depend on others and something goes wrong it could destroy countries and the economy. Something that the I.M.F does say on their website is that globalization is the key to economic integration and development of the world. Not only that but the poorer countries would then begin “getting access to more capital flows, technology, cheaper imports, and larger exports”. They also discussed how medical advances and improved living increased life expectancies noticeably around the world. They make globalization sound great, but don’t nearly focus nearly as much on the downside. This downside they mention on their page includes an “increase in inequality within and between nations” and that it “threatens employment and living standards”. They also state the imposing fact that the gap between the rich countries and