Globalization

So much has been written on Globalization. Many of the efforts of the IMF, WTO, World Bank, NAFTA etc have been to further Globalization.

If we are to have a connected world, does it require accepting the whole menu? Is there no place for developing countries to be able to protect infant industries in the same way that developed countries did when they were in the same economic place? Is there to be no consideration to protection if something goes wrong in the "ONE" world? How ecologically sound is globalization?

It seems that with Globalization, you are either on one side of the fence (the Bretton Woods trio) or the other (Environmentalists and politicians like Mahathir bin Mohamad). I am hereby declaring that I am straddling the fence.