Bernie Sanders

Globalization Versus Internationalization:
By Herman E. Daly
1999
Introduction


Globalization, considered by many to be the inevitable wave of the future, is frequently confused with internationalization, but is in fact something totally different.

Internationalization refers to the increasing importance of international trade, international relations, treaties, alliances, etc. Inter-national, of course, means between or among nations. The basic unit remains the nation, even as relations among nations become increasingly necessary and important.

Globalization refers to global economic integration of many formerly national economies into one global economy, mainly by free trade and free capital mobility, but also by easy or uncontrolled migration. It is the effective erasure of national boundaries for economic purposes.

https://www.globalpolicy.org/component/content/article/162/27995.html

Conclusions

For all the sins historically committed by the nation, it is still our basic locus of community and unit of policy. The nation, along with international federations of nations, must not be sacrificed to the unexamined ideal of "globalization" which, when examined, turns out to be unfettered individualism for corporations on a global scale.

Globalization creates new markets and wealth, even as it causes widespread suffering, disorder, and unrest. It is both a source of repression and a catalyst for global movements of social justice and emancipation. The great financial crisis of 2008-09 has revealed the dangers of an unstable, deregulated, global economy but it has also given rise to important global initiatives for change.

https://www.globalpolicy.org/globalization.html