Global Village and The Economy

Scholars argue that academic publications promote myths like “Globalization leads to one healthy world culture,” “Globalization brings prosperity to person and planet,” or “Global markets spread naturally.” They argue that globalization ideals represent primarily Westernized perspectives. They further assert that management educators have given little thought to the fact that not everyone wants to be a member of a global village. These experts argue that it is important for scholars and citizens to balance unbridled enthusiasm for capitalism with evidence of its results. They call for an open and egalitarian dialogue among those who promote globalization and those who believe it has negative consequences.