Joseph Stiglitz's How Globalization Works - Chapter 4

Stiglitz laments, “even if trade does follow, not everyone is a winner.” It is difficult to take the author seriously when this is a concern of his. Of course not everyone is a winner! Some companies produce terrible products; we don’t want them to win. We want companies to produce high quality products that we desire. As globalization continues, domestic markets are going to be shaken up due to the new recognition of more efficient industries abroad. If foreign unskilled lose their jobs, why should the domestic government care? It should only care about its own citizens.
He goes on to argue that rich nations should unilaterally open their economies developing nations, essentially providing unbalanced trade rules. I believe that this could actually be beneficial to a domestic economy. After all, if the developing nation is able to provide a better product than a previously protected domestic industry, then the domestic consumers are better off. If the developing nation is unable to provide a better product, then the domestic industry will have proven its worth to the domestic economy. Either way, the developing country is given a chance to grow and the domestic economy wins.