CBC News Online Staff, "Diplomat warns of downside to globalization," CBC News Online, (CBC, Tuesday, May 6th 2003), www.cbc.ca/storyview/CBC/2003/05/06/trade_montreal030506 .
Summary: .
A leading diplomat, Caesar Gaviria, from Montreal explained to an international economic conference of the downside of globalization. He feels that if globalization doesn't benefit all citizens, it could threaten international trade and lead to more terrorism. .
Many citizens have already become less favourable to trade deals due to the growing poverty in Latin America and the series of financial crises over the past decade. .
Capitalism and reforms are viewed upon as a loss of confidence in democracy, which has opened people to the views expressed by ant-globalization protesters. .
Gaviria feels that it's important to prove to citizens that globalization is going to be better for everyone. He plans to move beyond trade to develop social safety nets, education, health care, and even benefit the poorest. He feels that the real problem is that public education does not work in many countries. .
The Free Trade Agreement of the Americas is entering the final phase after eight years of negotiations. However, the deadline may be altered due to disagreements at the World Trade Organization negotiations. .
Until WTO differences are resolved, Latin American countries are unwilling to endorse the deal that would create the hemispheric trade agreement. .
Discussion: .
If globalization does not benefit all citizens, it could threaten international trade and lead to more terrorism. Difference in opinion could cause conflict between countries, different religious, cultural or political groups. If countries clash on a certain issue or agreement, trade could be quarreled as well as its relationship. Also, depending on the different religious, cultural or political aspirations, terrorist actions may be taken. Although the thought of globalization is nice, the world would never compromise on the same ideas, as the world we live in is diverse.
