I think there are a lot of misnomers and bad rational in your pessimistic outlook of globalization. Hasn't it always been the case that the rich are rich and poor are poor? This is the very nature of the world in specific states - let alone, the entire world.
Yes but its getting worse.
The global economy has grown sevenfold since 1950. Meanwhile, the disparity in per capita gross domestic product between the 20 richest and 20 poorest nations more than doubled between 1960 and 1995.
I
Globalism through trade makes every country a little bit richer and brings everyone up to a certain level. It helps less wealthy countries to gain access and participate in international trade that brings up its standards of living.
It is just false to believe that this helps the poor. A few join the middle class but most don't. Read this
The gap between rich and poor in China and other Asian countries is growing, hurting anti-poverty efforts and possibly fueling unrest, the Asian Development Bank said in a report on Wednesday.
The growing wealth gap is a byproduct of globalisation, which has brought higher incomes to urban, skilled, English-speaking workers in China, India and other countries, the bank's report said.
China has had Asia's second-biggest and second-fastest-growing wealth gap since the 1990s, exceeded only by war-wracked Nepal on both counts, the bank said in an annual survey.
China has seen thousands of protests in recent years, some of them violent, over land seizures and other economic grievances blamed on the growing gap. The communist government has made improving incomes for the poor a priority, warning last year that inequality has reached "alarming and unacceptable" levels.
Associated Press
Posted online: Wednesday, August 08, 2007
I have a ton of info on the bad behavior of the world bank, WTO, and multi national corporations but I am short on time. I will provide the information later.