Globalization is a process that has been going on for the past thousand years, but it has significantly accelerated since the end of World War II, with a considerable reduction of barriers to the free flow of goods, services, and capital across national markets. The political, economical and technological changes since 1990s have pushed “Globalization” further into a bigger picture with a surge in world’s total FDI and massive growth of world trade have been witnessed (Hill, 2003). Globalization has contributed to an efficient division of trade, production, and labor. As a result, globalization allows countries to concentrate on what they do best. Globalization has also caused raise in world trade and output and at the same time, increase in income growth, prosperity, and reduce poverty. Although globalization has brought a positive outcome, it has also been scrutinized and criticized by its opponents. Opponents of globalization argue that globalization is mainly responsible for the world poverty. Furthermore, globalization has also been criticized as the source of growing inequality both globally and within the developing countries (Kohl, 2003). It is rather difficult and too early to judge whether globalization is good or bad, but it is rather obvious that it is unavoidable. Thus, let us forget the question: ‘Globalization, yes or no?’ Instead, we should be more concerned about the equal distribution of globalization’s benefits, so that wider community could also enjoy it. Therefore, the ‘right’ question that needs to be addressed is: “How the globalization’s benefits could be spread more equally?” Although countries are benefiting out of globalization, the globalization benefits have not been equally distributed among nations. As a result, globalization has been seen as the source of increased in inequality between and within nations (Mazur, 2000). Now, we will focus in the inequality between the nations. Inequality between nations can be seen as the degree to which distribution of economic welfare generated in world economy differs from that of equal shares among countries (The Penguin Dictionary of Economics, 2003). According to Aghion and Williamson (1998) rising inequality is correlated with trade, technology, and labour supply. There are several studies that have been conducted, to tackle the problem of inequality. The report by ILO (2004) suggests that in order to tackle inequality, the countries need to be based on democracy, while at the same time the unfair trade barriers need to be removed, and developing countries should have more say in global decisions. Another publication by OECD (2003) suggests that success key to tackle the inequality is the ability to improve things rapidly for a large part of the country’s population. Since the matters such as improving democracy, lifting unfair trade barriers are complex, it is important for the global institutions and the national government to work together to identify the cause of inequality, and tackle them. The suggestions mentioned above are easy to say, but hard to realize. For example, it is difficult, if not impossible, to persuade people or even the rich countries to limit their say and expand the power of the poor ones. So, are there any other solutions or c’est la vie? Bibliography Aghion, P., Williamson, J.G. (1998), Growth, Inequality, and Globalization, Cambridge: Cambridge University Press. Bannock, G. et al. (2003), The penguin Dictionary of Economics, 7th ed, New York, Penguin. Hill, C. (2003), “International Business: Competing in the global marketplace”, 4th ed, Berkshire, McGraw-Hill. Kohl, R. (2003), Globalization, Poverty and Inequality,Paris, OECD Publications. Mazur, J. (2000), “Labor’s New Internationalism.” Foreign Affairs, Jan./Feb. International Labour Organization (2004), "A fair globalization - Creating opportunities for all", Geneva: ILO.