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Article: Globalization and Social Justice.
- Article from:
- Catholic Insight
- Article date:
- May 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Catholic Insight. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Globalization is one of the buzz words of contemporary economics. Defined as the creation of a single world market for goods and services, globalization is transforming the planet's economy by dramatically stimulating international trade and investment. Undergirding this process is the electronics revolution, by means of which billions of dollars can move into and out of economies at the stroke of a key.
Is it good? Archbishop Francois Nguyen Van Thuan, president of the Pontifical Council for Justice and Peace, points out that the results of globalization have been both positive and negative. "The social doctrine of the Church," he says, "suggests that we ...