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The process of globalization has been in the focus for much discussion and debate over its benefits and downsides. Globalisation has helped to raise productivity and employment; lift millions out of poverty; revolutionised communications; boosted international cooperation; fostered competition; boosted global economic growth and interdependencies through trade and FDI flows; and facilitated scientific discoveries (Gurria, 2007). However, at the same time, globalization is also blamed for a growing uncertainty and insecurity in the job market; depressed wages; increasing inequality; overexploitation of irreplaceable natural resources; the transfer of political power to large multinationals operating outside of the democratic processes; and the sacrifice of cultural and other values to the dictates of the marketplace.
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