Globalization creates concentrations of power, such as power over our economy, power over our money. Having power concentrated where one person or one party can get its hands upon it for its own use, is a very dangerous thing.
Again, I am not entirely convinced that globalization needs to be slowed down. Yet, I think that the culturalists might have an argument that can be seen as persuasive. Their fundamental assertion is that globalization should be seen with some level of fear in that it seeks to make the world more of a common denominator, removing the specific element of difference. If globalization means that everyone embraces capitalist ideology where individuals are valued and assessed through economic worth, where culture is defined by growing McDonalds and Starbucks, and where everyone possesses a greater level of sameness, this could be a compelling argument as to why it should be slowed. The individual cultural identities that helped to prop up many a nation and social grouping is one where globalization might be a force to be slowed or retarded in its progress. Again, I am not entirely convinced of this myself, but it could hold persuasion to those who are looking for reasons as to why globalization should be slowed.
To me, the simplest and most pressing answer to this question is that the world does not have nearly enough resources to sustain the kind of global economic and industrial development that takes place in a globalized world. The amount of oil, water, electricity, and industrial metals and materials is limited. We would need several Earth's worth of these resources to support a world full of middle class human beings. It is evidence of how far our population has already grown beyond our ability to sustain it in what those who live in the industrialized world would call prosperity.
At this point, there is no slowing down globalization except by running out of resources.
I am not convinced that we should slow down globalization. But if we should, here are a couple of reasons:
- Globalization puts stress on the economies of rich countries and poor countries alike. The manufacturing workers in rich countries lose out to lower wage countries. The farmers in poorer countries lose out to those from richer countries. Even if all countries win eventually, there are temporary stresses on parts of the countries.
- Globalization tends to diminish the cultural uniqueness of each country. It leads to all countries having similar cultures -- watching the same movies, eating the same foods.
I suppose you have already decided that globalization is bad and so you want it to be slowed down. Like any historical and social phenomenon globalization also has both positive and negative consequences, so if you are in favor of it you must be in favor of speeding it up so that every one can benefit from the positive impact of globalization. If, however, you are against globalization because of its negative impact you must insist that globalization be stopped at all cost.
The reasons why globalization should be slowed down are fairly obvious. Globalization is synonymous with consumerism and materialism and result in depletion of natural resources and pollution of the environment.
I do not think it will be wise, or possible to slow down globalization. The globalization is a natural outcome of the development of technology as well as of economic systems.
However, absolutely unrestricted practice of globalized trade can harm the interest of under developed and developing countries by restricting the development of their technological and economic capabilities. Therefore these countries need to and do need to protect their local industries by putting selective restrictions on free trade. I believe, the overall balanced development of all the countries in the world, ensured by regulation of globalization will speed up globalization, rather than slow it down, just as regulation of traffic on the roads improves the traffic, and avoids traffic jams,rather than slow it down.