Globalization

article moves beyond the international economics of research
and development and is intended to strike a more cautionary note about
the broader implications of globalization. In some respects it focuses
on the “seamy” side of the process. While there are obvious benefits
associated with globalization, particularly the pace of the process raises
critical questions of unanticipated costs and how to minimize collateral
damage.
There are obviously many positive aspects of globalization. Analyt-ically,
a much more refined division of labor and the emergence of glo-bal
markets should maximize production of goods and services. A
worldwide flow of images, information, and ideas could produce better
understanding among people, and also holds the potential for closer
scientific collaboration. On the personal level it is useful to be able to
send e-mail to colleagues in Asia or to watch the evening news from Paris
on local television.
Contemporary globalization represents a rea...