Mr Adder wants an update and evaluation of different views about Globalization. The group has agreed the following definition of the term: "Any entrepreneur anywhere can draw on savings accumulated anywhere and on technologies and managerial skills located anywhere to make a productive unit anywhere, employing local labour, and selling its products anywhere to everyone" (Paul Kennedy and Peter Day: BBC transcript)

But someone points out that its interpretation is not quite the same and illustrates this with a quote from the EU website in relation to labour which offers the following:

"The free movement of workers is a fundamental right guaranteed by the Treaty on the Functioning of the European Union (EU). Therefore, EU citizens are entitled to look for a job in another EU country; work there without needing a work permit; reside there for that purpose; stay there even after employment has finished and enjoy equal treatment with nationals in access to employment, working conditions and all other social and tax advantages."

Evaluate the advantages and disadvantages of globalization and the free movement of capital and labour taking into account the group comments.