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APRIL 01, 2009
Much of the prosperity of today's world arises from the division of labor. Globalization, by extending the market's scope to the entire world, enables the division of labor to become as developed as the current world population allows. However, to be truly in the interests of consumers and a boon to economic prosperity, globalization needs to occur spontaneously through the workings of the unhampered free market. Government attempts to meddle with this process--even with the sincere intent to facilitate or accelerate it--will only undermine its efficacy at benefiting us all.