LogFAQs > #912367613

Well, for starters, it enriches those at the top while devastating the most vulnerable in a society. It's not even necessarily good for the nations where the labor goes, considering that it can introduce a slew of issues into the society while giving foreign interests the power to challenge the national sovereignty (not to mention increased pollution). There are benefits as well, though, such as cheaper goods and opening up new markets. However, nations with abundant natural resources tend to do better under nationalism because the lowest rungs of their society are supported whereas globalism is terrible for low-skill and moderate-skill labor.

Granted, in the super-long run, we may *eventually* hit a stage when living standards are much closer among nations at which point it won't merely be pricing out labor.