the growth of international trade is exacerbating income inequalities, both between and within industrialized and less industrialized nations
global commerce is increasingly dominated by transnational corporations which seek to maximize profits without regard for the development needs of individual countries or the local populations
protectionist policies in industrialized countries prevent many producers in the Third World from accessing export markets;
the volume and volatility of capital flows increases the risks of banking and currency crises, especially in countries with weak financial institutions
competition among developing countries to attract foreign investment leads to a "race to the bottom" in which countries dangerously lower environmental standards
cultural uniqueness is lost in favor of homogenization and a "universal culture" that draws heavily from American culture