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... Why is globalization a contentious term? Introduction “Globalization has dramatically increased inequality between and within nations” (Mazur, 2000, p. 79). “The benefits of globalization are obvious: faster growth, higher standards of living, and new opportunities” Annan, 2001, p. 1). The term globalisation arouses strong emotions among its supporters as well as its opponents, which is evident from the two above-mentioned diametrically opposite statements. While the supporters perceive globalization as equivalent to economic freedom that brings in improved standards of living and greater degrees of transparency, the opponents associate it with exploitation of the developing and underdeveloped...