Globalization good and bad

Globalization is undermining the "sovereignty" of every nation. Is this good or bad? The laws of uneven development lean towards Bad where relationships are unequal. But also towards good, since the requirements of peace and democratic societies under globalization mandate the rise of internationalism over nationalism, and equity and equality over imperial prerogatives. Nonetheless, the oligarchs of the world, including both the US and Russia, are mounting a fierce resistance. A reckoning of vast scale seems unavoidable.