Globalization has always created a world of paradox. There are three macro paradoxes that arise
because of globalization. First, globalization of democracy creates the new non-democratic
superpower. China, whose manufacturing industry sector is strong (with the World Bank saying
around 50% of its GDP comes from that), acts as the world’s manufacturing hub. Second,
globalization doesn’t create a convergent, but a divergent economy. Today, there are still more
than 1 billion people who are in the state of extreme poverty and subsist on less than $1 a day.