Globalization and Labour Markets

The word globalization has always been associated with trade liberalization (goods) and financial liberalization (capital). My contention is that labour should also be included in the definition of globalization. Thus globalization should include goods, capital and labour.

The developed world harps on globalization, even the world bank touts in as the panacea for all economic woes, but they conviniently close their border and impose restrictions on labour from other countries, thereby creating one way streets which benefits them at the cost of developing and under developed countries.

This bigotry has to go.