Arrange marriages are a tradition, so it has to match up with the values of the culture.
Arrange marriages in the US wouldn't go well, since it conflicts with common American values.
For a culture more unitary, it could work, but an individualistic culture wouldn't be suited with an arranged marriage. 
Are arranged marriages bad? I can't be the judge of that since I am part of a society that doesn't have much experience with it, my values interfere with the idea of a unitary decision in my personal life.

After defending marriage based on a personal choice for a while, I have radically changed my opinion lately towards arranged marriage.
The reason is simple: the Data on divorce rate. They are growing more and more as people get married because of a "coup de foudre" (romantic)
Arranged marriage had and could still have the advantage of having a third part (parents or a marriage arranger) who give a more objective opinion on the suitability of a union.
The third part helps to assess important things like common backgrounds ans common goals that are more important than the romantic aspect only to make a marriage more enjoyable.
Marriage is a matter of being in love even without that romantic feeling. And true love persists thanks to more objective things than romance only.
People can still get married even if they are not in love, but are good friends or can become (because they have some common goals). If their friendship is true they will fall in love and have a lasting marriage.

Jack, how did you manage to dig out all the "marriage" related threads and what made you to do so? Just curious:)

Well ofcourse its good for men

but it sucks for a woman. If i ever got into an arranged marriage i would definetely get a divorce and get out of that situation. 

For women, arranged marriage means: "your job is to clean clean clean.. take care of the kids... cook cook cook... oh and live only for your husband" 

That is also dependent upon to what extent the marriage is "arranged".  Most parents wish their daughters can marry a good man with comfortable income and decent position. Probably it sounds ridiculous but in some of the traditional societies where little information about outside world is available, arranged marriage seems to be a necessary evil to practice.