Globalization: Another Viewpoint

This article provides comments on issues raised by Alan Rugman, who provides a perspective of globalization that focuses on nations and regions as provocateurs of economic activity. His perspective is based on homogeneity of markets and comparative advantage concepts whereby commodity and unskilled labor markets are major drivers of world trade and commerce. I argue that this perspective is more suited to trade concepts of the 18th and 19th centuries and that globalization as a macro concept involving homogeneity of international markets may never become a reality, nor is it a major necessity for global economic expansion and benefits.