Are citizens in the developing world convinced about the benefits of globalization? Economists typically assume that open markets will better the livelihood of the poor, but surprisingly little rigorous research exists on if and how workers in developing countries actually view globalization. To answer this question, we focus on the largest labor market cleavage in developing countries -- between formal and informal workers -- and develop competing hypotheses about their household's support for foreign direct investment (FDI)- as a proxy for globalization. Using a unique survey, we find that formal workers in India support foreign investment far more than their informal counterparts, particularly when it involves an American firm. They do so primarily because (1) formal workers are part of a wider social network that gives them privileged access to information and coveted jobs among foreign firms; and (2) as more productive workers, they are more likely to be hired by foreign firms. Informal workers, on the other hand, have access to neither. Our results are robust to several alternative explanations including skill, caste and nativist preferences. Our findings provide new insights on (macro and micro-level ) factors contributing to rising inequality, and call for caution amongst scholars, policymakers, the international business community, and all those who anticipate that globalization is lifting all boats, particularly in developing economies