Do you believe that Globalization is a good thing or a bad thing overall?

Globalization - Good and Bad at the same time.

Explanation:

Globalization has both good and bad aspects. It is good because it has the potential to make this world grow closer and happier by providing opportunities to solve the problems of the less privileged and struggling population in the developing countries. It is to reduce the expenses and increase the profit by measures like free trade - reducing Tariffs and value added taxes. This will in return improve Global economic growth, create jobs, and introduce a healthy competition between the rival companies thus improve product/service quality and lower the prices for the consumers.

It will also be able to develop harmony and friendly atmosphere of support and cooperation between countries; socially and culturally we will become more open and closer to each other thus encourage peace across the globe. But this is too good to be true and only the brighter side.

Unfortunately Globalization also have its vices as well. Those with  economic supremacy will always have the upper hand and a way to mold and used the resources and opportunities in the way to benefit them. It is feared that globalization will only make the rich more richer on the expense of make the poor even more poorer. The multinational companies will easily takeover the smaller companies. It will lead to problems like Labor exploitation, and risk of human trafficking will increase multi-fold.  

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.