Foreign Investment Has Been Great (for Us). but Is Globalisation All It's Cracked Up to Be?

Hamish McRAE Business & Financial Journalist of the Year, The Independent (London, England)

Clare Short once put the point in her pithy style: "People have accused me of being in favour of globalisation," she said. "This is equivalent to accusing me of being in favour of the sun rising in the morning."

But if the reality of globalisation is now universally accepted, its benefits - and its costs - are now being scrutinised more robustly. There is more concern about the need to share the benefits, more interest in the implications for corporate structures, and more discussion about the limits of the phenomenon.

Whenever you are confronting a huge subject, some numbers help to put it in perspective. The Economist Intelligence Unit's "World investment …

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Publication information: Article title: Foreign Investment Has Been Great (for Us). but Is Globalisation All It's Cracked Up to Be?. Contributors: Hamish McRAE Business & Financial Journalist of the Year - Author. Newspaper title: The Independent (London, England). Publication date: September 7, 2006. Page number: 47. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.

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