Economic globalization is an Irreversible Trend.

The current globalization process results in unequal

outcomes, both across and within countries. Wealth is being generated, but far too many countries
and individuals are not reaping their advantages. They also have little or no say in influencing the
process. As seen through the perspective of the great majority of women and men, globalization has
failed to meet their genuine and straightforward hopes for good work and a better future for their
children. Many of them live in the abyss of the informal sector, with no legal rights, and in a swath of
emerging nations that exist precariously on the periphery of the global economy. Even in
economically prosperous countries, globalization has harmed certain employees and communities.
The wealthiest are also the only ones who profit more, while the poor continue to suffer due to the
uneven treatment of the rich and the poor. For example, in agriculture, the price of rice is low, and
farmers are losing money due to a law that reduces the cost of rice. The global economy adds to
poverty because of economic disparity, job outsourcing, and hyper-specialization.