- The Find: Rather than a new and dominant trend in business, two researchers are out to prove that "globalization" is really just the irrational fear that someone in China will take your job.
- The Source: A Columbia Business School Open Forum blog post on Bruce C. Greenwald and Judd Kahn's new book, globâ€¢aliâ€¢za'â€¢tion (n): The Irrational Fear That Someone in China Will Take Your Job.
make the argument that many of the fundamental assumptions about globalization... are "either highly questionable or largely false." Instead they argue that globalization is not a new trend, that crucial local forces such as improvements in productivity and changes in demand are ignored, and that hard data has been selectively used or underused in favor of anecdotal evidence.Job losses in manufacturing and routine services in Europe and the US, they argue, should be put down to changes in demand and increased productivity due to improved technology. These changes are more like the shift away from agriculture than anything that we normally mean by globalization.
The Question: Does all the hoopla over globalization just amount to so much xenophobia?