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Introduction In the second part of our discussion of the original and interesting topic of globalization, we are going to answer the two following questions: 1. Is globalization responsible for the deindustrialization of the highly developed countries through exportation of jobs to less developed countries? 2. Are the multinationals exploiting the poor people of the less developed countries? Although the issues are very controversial, we will try to find the right answers to those problems. Globalization The basic argument of these critics is that globalization—the increased openness of the United States to international trade—has changed the rules of the game. Economic expansion cannot produce bottlenecks because firms can always turn to suppliers abroad. Firms will not raise prices, no matter how hot the market, because they fear foreign competitors. And workers, constantly threatened with loss of their jobs to other nations, will not demand higher wages no matter how low the unemployment rate goes. According to this view, internationalization has either drastically lowered the natural rate or even made the whole concept irrelevant. Many people find this argument extremely attractive. It is hard to see,