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But they are worried that, as skepticism about the benefits of globalization rises in Europe and the United States, investments from funds controlled by Russia, China and Middle East nations will ignite irresistible political demands for restrictions on investment.
The protest was not only another threat to the cohesion of the bloc, but also the latest act of defiance against free trade orthodoxy, as skepticism about globalization rises on both sides of the Atlantic.
In a 2006 research paper published in Industrial and Corporate Change, Harvard Business School's Pankaj Ghemawat and his colleagues found that industry concentration tends to decrease as globalization rises, implying that concentration has increased since the mid-1990s not because of more global competition but despite it.
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Globalization, rising product variety, the need for continuously improving productivity and quality demand higher agility of manufacturing systems.
When barriers to globalization rise, boosting adaptation via localization is a logical response, but one with clear limits.
In a young century characterized by globalization, rising powers, emerging economies and an increasingly multilayered and multipolar world order, the effort by any nation-state, no matter how powerful it was previously, to proactively "manage" the system will merely attract stronger backlashes and further examples of its relative impotence.
Palladino points out that many factors can play a role in wage stagnation, "including globalization, rising market power and decreased antitrust enforcement, the decline in the number of workers covered by a collective bargaining agreement, financialization and the rising proportion of national income earned by the financial sector, and fissuring of the workplace," to name a few.
Many blame limited natural resources and globalization for rising inequality, and fall prey to political promises of fast relief.
The analyses described place considerable emphasis on the impact of globalization, the rise of information and computer technology (ICT) and changing political systems and ideologies on both business development and process, and urbanization.
First, to the extent that globalization explains rising income inequality in the United States, it's through the effect of international trade on the "skill premium", the gap between the incomes of college-educated workers and those without a college degree.
Over the thirty years that separate the two projects, globalization, the rise of new rival economies, and transformative technological changes have created huge new opportunities and painful challenges of adjustment for society.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com