Industrial development
Finally, globalization often encourages a country to focus on industries which are already successful. These countries develop expertise and increase their share in the international market. On the other hand, those countries which continue to support all their industries usually do not develop expertise in any one. Consequently, these countries do not find a world market for their goods and do not increase their gross domestic product (GDP) or gross national product (GNP)
Anti-globalists claim that there is a serious flaw in this argument for the specialization of industry. Countries which only focus on one or two main industries are forced to import other goods. These imported goods are frequently over-pricd and these countries, therefore, have a tendency to accumulate huge debts.
This debate will undoubtedly continue for some time. However, it would seem that a better balance between free trade and fair trade is the answer to the problems of globalization.