Handling the Effects of Globalization

Globalization, the process of international integration through the world’s markets and businesses, allows many countries to enjoy cheaper goods and services, and a greater variety of products. At the same time it promotes economic growth in both developed and developing countries.. However, at the effects of globalization the gap between the wealth and the poor has become more extreme on a national and international level.

Not only are the workers in poor countries who are being paid low wages at a disadvantage, there are also many people in developed countries who believe that they are being left behind the rich who are capitalizing on low-wage and good markets and selling to developed countries. Now the question becomes how do we handle these issues in our own country and when dealing with others countries?

According to Richard Allen Epstein, an advocate of the roles of an eminent domain and partial taking attorney in the United States, and author of Private Property and the Power of Eminent Domain the redistribution of wealth is a proper function of government.

In the United States, for example, the Occupy Wall Street (OSW) is an ongoing protest movement against social and economic inequality, greed, corruption, and the power and control of corporations over the government. The protestor group’s slogan 99% represents the income inequality and the unequal distribution of wealth between the 1% wealthy and the rest of the population--- a pattern that is felt around the globe. While they have an importance cause and take a strong stance, it will take more than protestors to change how the world is currently operating.

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