globalization, from the perspective of someone in a so called advanced country, seems to generally turn into a dressed up way of arbitraging less regulated (environmental, workers' rights, etc.) environments in order to increase profits. this is an easy way for capital to defeat labor's hard fought gains in e.g. minimum wage, maximum hours, benefits, "strict" environmental regulations, paying taxes, and so forth. the proof is in the pudding: US mass manufacturing isn't outsourcing to Germany, Denmark or Switzerland, because the arbitrage in differences in regulations aren't there.
capital loves globalization because it can do things like pit a bunch of desperate places against each other then simply up and move to the "winner", sort of like the Amazon HQ search but internationally. labor, you'll find, typically doesn't have quite the same mobility. it then wags "low low prices" in front of the consumers who then find it easy to ignore their now jobless brothers and sisters as they shave a couple bucks off something or other.
the first wave of globalization took goods-producing jobs and moved them into places where the calculus of (labor + environmental regulation + taxes cost savings etc. > additional overhead/compliance + logistics), then shilled the people on the meme of "lower prices" while their communities rotted away back in country.
now the boomerang is on its way back and we're realizing that the loss of revenues, environmental ruin, illnesses of despair/desperation, etc. etc. may not be quite worth the alleged cost savings we were promised.