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To: Alex who wrote (13657)	6/22/1998 4:13:00 PM
From: Crimson Ghost	Respond to of 116892

Globalization under fire. Any retreat from globalization would be a big plus for POG Globalisation must be managed carefully (Business Day, Jhb.) Globalisation is becoming increasingly controversial as ordinary people find it difficult to accept that turmoil in distant countries should determine their economic fate. The costs of globalisation seem to be offsetting the benefits. Concerns about the effects of globalisation are widespread, not only in recession-plagued eastern Asia, which is counting the cost of huge capital flight, but also in the booming US, where workers continue to worry about their jobs despite a record low unemployment rate. Given the controversy, it is worth looking at the costs and benefits of globalisation. The topic came up at a World Bank seminar for journalists held in Washington on 16 and 17 June. Who benefits from globalisation - and what are the effects on the poor? Can and should countries insulate themselves from some of the negative aspects of globalisation? How rapidly should individual countries integrate with the rest of the world? These were some of the questions discussed.