What are the three arguments against the trend towards globalization

First is the export earnings. Through liberalisation of tariff and trade, export-oriented industries are required to be developed.

Second is the foreign capital flow, mainly via multinational corporations (MNCs) that bring technology.

Third is the deregulation of financial sector so that cross border mobility of resources gets momentum. In addition, trade policy, exchange rate policy, industrial policy, etc. are all relaxed. As the process of globalisation strengthens, all producers depend on global networks which establish links from the stage of raw materials to the final stage of delivery and marketing.