Haves and Have-Nots of Globalization

US companies that move part of their operations abroad continue to report big financial gains. Defense contractors like United Technologies, for example, report a spike in foreign sales and increased stock prices. Increasing numbers of multinational companies based in the US – including United Technologies, PepsiCo and Honeywell International – report that a majority of their sales are in foreign markets rather than the US, writes William J. Holstein for the New York Times. Analysts anticipate more global growth and profits in all manner of foreign investments. US firms that do business on a global scale are further helped by a declining dollar. Investors benefit from a company’s increased profit, but the same is not necessarily true for US workers: Some employees will benefit, but others lose jobs. Investments by multinational companies eliminate inequality around the globe, but can prompt sharp economic divisions within nations and even companies, with some people and communities benefiting from globalization and others losing out. – YaleGlobal