[tfehring]

That sentence of my last comment may be unclear, so let me rephrase - to the extent that globalization occurs, it needs to coincide with policy changes that offset the localized harm that it would otherwise cause.

While this isn't the point I was attempting to make in the sentence that you quoted, I also tend to think that increased globalization should occur, at least at the margin. But to your point, there may be specific sectors in which globalization is harmful in net, and externalities do need to be considered.