Globalization- should it be regulated or not?

Globalization of a product is something that can change an entire world depending on its effect. In some cases Globalization has been good in bringing countries out of poverty. In other cases, globalization has caused local economies to suffer. It is certain that Globalization comes with some costs, but are they too big to ignore? Should the government regulate globalization?
One of the major costs of Globalization is outsourcing. When a company outsources it jobs, it moves its work overseas, so it can pay people for labor for less than minimum wage. The studies prove this point. For workers who were displaced from their jobs between 2001-2003, it shows that 35% were unemployed in January 2004, and of the 65% who were employed, only 43% earned at least as much as they did before displacement. This is one of the costs of Globalization. Yet some say outsourcing jobs can be positive. Globalization can help big businesses and consumers: prices move lower for consumers and profits rise for corporations. Are the benefits worth the costs? Some may say yes, others no, and it is still being debated in Congress today.

(Outsourcing Harms America- Gale Opposing Viewpoints) http://ic.galegroup.com/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?failOverType=&query=&prodId=OVIC&windowstate=normal&contentModules=&mode=view&displayGroupName=Viewpoints&limiter=&currPage=&disableHighlighting=true&source=&sortBy=&displayGroups=&zid=&search_within_results=&action=e&catId=&activityType=&scanId=&documentId=GALE%7CEJ3010382258

(Outsourcing Benefits America- Gale Opposing Viewpoints) http://ic.galegroup.com/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?failOverType=&query=&prodId=OVIC&windowstate=normal&contentModules=&mode=view&displayGroupName=Viewpoints&limiter=&currPage=&disableHighlighting=true&source=&sortBy=&displayGroups=&zid=&search_within_results=&action=e&catId=&activityType=&scanId=&documentId=GALE%7CEJ3010382257

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