Letter from Lai Yew Chan, Today Online 12 Jan 08;
I REFER to the letter, "Break barriers … with a burger" (Jan 10).
While we rejoice that the world is closer through the sharing of global brands, we must be mindful that globalisation does not come without its disadvantages. For one thing, workers are displaced as manufacturing moves to places in which they enjoy less bargaining power for wages.
Also, even with inter-country barriers to technology, migration and capital flows torn down, is the world a more cohesive place? A reality check is in order. Another financial crisis across the region is possible.
Therefore, enjoy the fruits of globalisation by all means, but remember that its ills call for our attention.
