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Globalization is the obvious and logical eventuality of the capitalist system. Businesses seek higher and higher profit levels and to do this they must seek the lowest cost base possible and the widest markets available. This involves taking over, or eliminating, any competitors not big enough to stand up top them.

Then there is the pension effect. There are millions of people whose future income in retirement is dependent on the continuation of the rising stock market. Governments cannot - and dare not - do anything which would interfere with the pensions industry (which is as globalised as trade is) as they too depend on this industry.

Globalisation cannot and will not 'benefit' any country —> that is not it's purpose, and if it does begin to benefit any country to a very noticeable effect it will not be functioning properly and will need adjustment. It is not the business of business to benefit anyone but shareholders.

Local culture and tradition have always been......

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Approximate Word Count: 463
Approximate Pages: 2 (250 words per double-spaced page)

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