Globalizationhas stimulated much controversy in recent years. Some studies have shown thatglobalizationincreases economic growth, narrows the income gap between rich and poor nations and reduces poverty. But some critics argue thatglobalizationmay encourage governments to participate in a "race to the bottom", i.e., countries compete for international investment by offering low or no environmental regulations or labor standards. Evaluate and analyze the major arguments. (At least 6 typed pages, must include resources).