As an economic thinker, I believe globalized markets provide for the most efficiency. Consumers have more options and producers can charge competitive prices. Or, as John Micklethwait and Adrian Wooldridge put it in The Hidden Promise Liberty Renewed, globalization creates “an economy that is closer to the classical theoretical model of capitalism, under which rational individuals pursue their interests in the light of perfect information.” So, as rational participants in a global market, we win as a result of globalization. Micklethwait and Wooldridge also provide arguments that there are also losers to globalization. In that chapter, they explain that whether it is because of the threat of homogenization or spontaneous communities/prioritizing the individual or other reasons, globalization does not benefit all.
In the YouTube video below, there is a snippet of the movie called The Gods Must Be Crazy. It is a story of a tribe in the Kalahari desert whose cultural values are disrupted because of a glass coke bottle that falls from the sky. The members of the tribe use the glass coke bottle to make music, create patterns, and play games but because there is only one coke bottle, members of the tribe start to feel angry and envious and become violent because they want to use it. If the coke bottle represents globalization (perhaps as a result of some kind of economic expansion in that region of Africa), the community loses their cultural values and harmony because of it.
With this dramatization and Micklethwait and Wooldridge’s theory in mind, I am interested to discuss manners in which we can maintain our wins (without imposing Westernization all over the globe) and reduce losses (with respect to different kinds of communities).
Link to YouTube video: https://youtu.be/njvmSCG1qes