The pros and cons of globalization in general, with distinct discussions about the role of FDI and MNCs, have recently been outlined by Stiglitz (2002) and Wolf (2004), with the former suggesting a more complex and worrisome picture than the latter. At the same time, it is hard to provide any alternatives to globalization and internationalization, as illustrated by the dire performance of those few countries that have decided not to participate in the global integration process of the past decades. Instead, it may be reasonable to put the emphasis in policy-making on measures to
reduce the undesirable effects of globalization and to ease the transition for those workers that are in danger of losing in the process.