Globalisation reduces inequality...

Globalisation increases choice which could be a step towards a more free-society. The options to the society increases. It increases the choice of work and living, you can choose to live in country of your choice and choose the work according to your specialisation. Globalization leads to specialisation. Even the Foreign-Trade-Theory is based on the specialization point; they say we need to specialize in the line in which we have comparative advantage. It says to exports that product which it could produce at cheaper cost and prices; it says to specialize along those lines. Lower-prices are the foremost argument in favour of Free-Trade and globalisation which would increase real-wages and the standard of living. However, economists are conscious, that higher imports may reduce domestic employment and production and profits. Notwithstanding, globalisation as has been said before is good for real-wages and equality. Capital is moving from the rich-world to the poor-countries which have set the process of sharing prosperity, through immigration, too. Countries tend to allow immigration of low-skilled workers in order to provide the domestic-people with skills and higher-standard of living; nonetheless skills can be acquired to improve wages. Globalisation increases choice and prosperity, but there should be full-employment in the domestic-economy. Protection is often sought for protecting the full-employment objective of the economic-policies with lower general-price-level...

International-trade increases employment and real-wages and demand in the global-economy which further means higher production and growth-rate and more taxes to help eradicate poverty. The presence of more companies in the economy would increase revenue and public-spending on necessities. Presence of domestic-firms in foreign countries would further increase profits and taxes. It generates employment and income and demand in the global-economy.

Foreign-investment which increases employment to achieve full-employment must be given access to domestic-markets. Trade that destroy domestic jobs are not feasible. More companies in the country would lower prices and increase wages, too.

Immigration might also help increase labour-force-participation-rate and increase the economic-growth rate. It would reduce overheating in the domestic-economy after full-employment.

It is good for lower-wages and price-stability and could increase growth-rate and demand within the economy.

Multiculturalism increases tolerance in the society which makes it more liberal. However, frictions are also probable.