Globalization is not responsible for all the bad things many analyst blame it for.
During the past 5 year the world economy has experienced a growth that was never seen before. Cheap labor new technologies and the capacity to transport raw material or articles partially build to countries that could complete a certain stage of the manufacturing process for the most reasonable price are the reasons behind the new development.
It is true that we are going thru now an economic slump in our country and that most probably the world economy will go through the same down turn. However this is part of the same cycle that almost all economies go thru in time an up cycle and a down one afterwards.
Of course in every economical transformation there winners and losers, but I think that globalization has benefited a majority of countries in the world and only a minority unfortunately has not been able to profit from it.