Globalization
in sentence
2352 examples of Globalization in a sentence
Populist parties of the left and right – with their shared hostility to free trade, migration, Muslims, and
globalization
– are becoming more popular throughout Europe.
In addition, the presence of multiple cultures creates avenues of connection with other countries, and helps create an important broadening of American attitudes in an era of
globalization.
Still, it is worth looking back to the Bretton Woods conference, which responded to the interwar backlash against
globalization
by treating poverty, autarky, and war as causally interlinked phenomena.
The dissemination of democratic norms from the advanced countries of the West to the rest of the world has been perhaps the most significant benefit of
globalization.
Economic
globalization
has blunted the instruments of national economic policy and weakened the traditional mechanisms of transfers and redistribution that strengthened social inclusion.
Thanks to the
globalization
of capital and knowledge, countries were able to shift resources to more productive and higher-paying sectors.
These decisions played a major role in enabling a new wave of globalization, which increasingly diffused growth and wealth across countries, but also laid the groundwork for the concentration of income and wealth within countries.
Scandinavia’s Accounting TrickWhile most of the world’s advanced countries face increasing difficulties in coping with the forces of
globalization
and competition from low-wage countries, the Scandinavian countries -- Denmark, Finland, Norway, and Sweden -- seem to have managed these challenges quite well.
Thus, the Scandinavian way is more than a mere accounting trick, but it is also less than a truly recommendable strategy for coping with the challenges of
globalization.
WASHINGTON, DC – The world is on the brink of a nasty confrontation over exchange rates – now spilling over to affect trade policy (America’s flirtation with protectionism), attitudes towards capital flows (new restrictions in Brazil, Thailand, and South Korea), and public support for economic
globalization
(rising anti-foreigner sentiment almost everywhere).
Investors, especially, need to recognize that even if broader positive trends in
globalization
and technological progress continue, a rise in macroeconomic volatility could still produce a massive fall in asset prices.
After all, this is the same crowd that kowtowed to Chinese President Xi Jinping last year, when he fraudulently positioned himself as the world’s new champion of
globalization
and the rules-based international order.
The structural anti-Americanism arising from the global distribution of power was evident well before the Iraq war, in the opposition to American-led
globalization
during the Clinton years.
What they failed to recognize was the extent of economic anxiety felt by working-class families in key states, owing to the dislocations caused by technology and
globalization.
When technological progress and globalization, not to mention social and cultural change, outpace people’s ability to adapt, they become too jarring, disruptive, and overwhelming.
While globalization, and the trade openness that underpins it, has the potential to enrich the entire global economy, so far the richest have captured a hugely disproportionate share of the gains.
A better approach would be to focus on improving the management of globalization, rather than attempting to roll it back.
Effective management of the forces of
globalization
is how Japan protected its vulnerable sectors.
But the winds of
globalization
were supposed to blow away the cobwebs of bribery and inefficiency.
But
globalization
makes it more difficult for developing countries to retain the talented individuals needed for institutional development, because the wages of talented people are set globally; many states, if not most, simply can't afford to pay what it takes to create the institutions they need.
The path to good governance is more painstaking and bumpier than anyone believed when
globalization
and liberalization became popular twenty years ago.
Politicians everywhere quest for a "third way" around its rigors, yearning for "national champions" in industries like telecoms capable of holding off
globalization.
She noted with gravity today’s migrations from poor to prosperous countries, the
globalization
of evil, the contradictions and conflicts of modernity, the angry terrorist response to it, and the contrast between a rational, pragmatic West and a more idealistic and superstitious East, prone to religious fanaticism and political extremism.
The Way Forward for Global Financial PolicyFinancial
globalization
is exploding.
The French are deeply ambivalent about globalization, as if it were yet another invading force.
Thus, European finance ministers, too, will not be keen to admit any need for major policy changes to deal with risks from financial
globalization.
As huge winners from globalization, they want to avoid criticism of their trade and financial policies, which arguably remain considerably more protectionist than those of their rich-country counterparts.
Instead, the bogeyman of financial
globalization
is used as an excuse for continuing to coddle inefficient and monopolistic domestic financial systems.
Indeed, it is probably the only player with the universal political and intellectual legitimacy to find a way forward on collective action to address financial
globalization.
But make no mistake: There is nothing normal or healthy about economic performance that is increasing inequality and, in many countries, leading to a populist backlash – both on the right and the left – against trade, globalization, migration, technological innovation, and market-oriented policies.
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