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Is globalization a good thing?

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This is old news by now, but I read an article last month about a French author who was suing Disney because apparently he believes that the movie "Finding Nemo" is based on one of his characters.
It's a bit of a stretch, but not really the point of this topic. In the article there was an interesting quote about a piece of French legislation that was being invoked to protect this person's intellectual property. The quote was something like this -
"We're using our laws to protect us from the threat of globalization"
I read a topic here at Javaranch not that long ago talking about moving to India and working there. I believe it was said that it is next to impossible to work in India as a foreigner since the laws generally did not allow it.
Globalization is often said to be "good for the economy". What I wonder is, how good does the economy have to be? From my own experience, and I admit this is anecdotal, most people I've met seem to value security more than they do money. I've seen many people choose lower pay to gain what they felt was more security.
Do we become isolationist? Protectionist? If globalization is bad, what do we do about it?
I'm fairly split on this issue. I see a lot of potential for off-shoring, but I also see a lot of damage being done because of the ham-fisted off-shoring efforts and ruthless layoffs being done right now.
I don't really think globalization is a bad thing, but I do wonder WHO it is really good for. It doesn't seem to be helping the American workforce, and right now it just seems to be benefitting a few people who probably didn't need the money in the first place. I'm sure we'll move past that in time, but it seems like cold comfort for the people who are getting run over by the truck in the meantime.
And it's because of those people that I'm beginning to really question my beliefs about globalization.
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