Globalization
in sentence
2352 examples of Globalization in a sentence
Aggregate growth trends have decoupled, though cycles within these trends are correlated, owing to financial
globalization
and trade interdependencies.
These crises illustrate weaknesses both in
globalization
and in the systems of internal governance within these economies.
The big difference between Asia's successes and failures is that some countries engaged in globalization, and others closed their doors tight.
It is not clear whether workers will continue to accept declines in their living standards in the name of an unbalanced
globalization
whose promises seem ever more elusive.
For those who think that a well-managed
globalization
has the potential to benefit both developed and developing countries, and who believe in global social justice and the importance of democracy (and the vibrant middle class that supports it), all of this is bad news.
A New Year’s Development ResolutionBEIJING/PARIS/NEW YORK – The United Kingdom’s vote to leave the European Union and the United States’ election of Donald Trump as its next president have laid bare developed-country citizens’ dissatisfaction with
globalization.
Rightly or wrongly, they blame
globalization
– or, at least, how it has been managed – for stagnating incomes, rising unemployment, and growing insecurity.
Though
globalization
has brought many benefits to the developing world, many object to the neoliberal economics that has guided its management.
Instead, the problem this time around is one that relatively calm times have helped reveal: the predicted benefits of financial
globalization
are nowhere to be seen.
Financial
globalization
is a recent phenomenon.
So the world has experienced true financial
globalization
only for 15 years or so.
In addition, financial
globalization
would allow poor nations to smooth out the boom-and-bust cycles associated with temporary terms-of-trade shocks and other bouts of bad luck.
The lesson for countries that have not yet made the leap to financial
globalization
is clear: beware.
If the renminbi were to gain in value, poor countries’ exports would become more competitive, and their economies would become better positioned to reap the benefits of
globalization.
Of course, the problem goes deeper and not everything that touches
globalization
has turned dark.
But the rest of us suffer from too much financial globalization, not too little.
The backlash against
globalization
has been with us for two decades.
McDonalds exemplified that kind of globalization, and smashing up the chain’s stores became a standard form of anti-globalization protest.
But lately, the character of
globalization
has been changing, and so has the backlash against it.
But now the reversal of product
globalization
is easier than ever, thanks to progress in robotic engineering and the development of processes like 3D printing.
As a result, criticism of
globalization
today tends to focus less on trade issues.
Instead of rejecting foreign products, opponents of
globalization
today are rejecting foreign people.
Worldwide, there is growing discontent with globalization, digitization, and free trade, accompanied by a slow shift toward protectionism.
And China is touting a “vision” that would merely perpetuate the soulless aspects of
globalization
that got the world into this mess in the first place.
As the far-right French presidential candidate Marine Le Pen puts it,
globalization
and the liberal institutions that underpin it have become sauvage.
Global Politics for a Globalized EconomyWASHINGTON, DC – From the end of World War II to the mid-2010s, economic
globalization
progressed relentlessly through expanded trade, proliferating capital flows, faster (and cheaper) communication, and, to a lesser extent, human migration.
The challenge ahead has been presented by Harvard economist Dani Rodrik in the form of a trilemma: when it comes to democracy, national sovereignty, and globalization, we can have any two, but never all three.
Rodrik advocates less
globalization
and more democracy.
Nationalists like Trump prefer strengthening the nation-state, in ways that could weaken both democracy and globalization, at least in the longer term.
In the medium term, however, further
globalization
seems unavoidable, meaning that it is the nation-state, and national politics, that must be constrained.
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