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How can globalization increase peace and prosperity?


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Although globalization often appears in the news in a negative perspective, either being held responsible for unemployment in industrialized nations or blamed for exploitation of workers in the developing world, there are ways one can argue that globalization increases peace and prosperity. It increases global prosperity by redistributing resources, taking capital from OECD countries and using it to invest in workers and production facilities in the developing world. For peace, one can argue that close economic integration makes countries less likely to go to war with each other. Globalized supply chains mean that business people live in foreign countries and work with associates around the world, making them more likely to think of people in other nations as colleagues rather than faceless enemies.

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