Globalization
in sentence
2352 examples of Globalization in a sentence
It will take real effort and creativity to repair the deep cracks in
globalization
revealed by the financial crisis.
The financial crisis has not helped improve the image of globalization, which has long been deeply unpopular among ordinary voters in most of the world’s advanced countries.
The interwar period, which suffered from a similar crisis of leadership, produced not only a collapse of globalization, but a devastating armed conflict on a global scale.
What we need is a vision of
globalization
that is fully cognizant of its limits.
In effect, the best way to save
globalization
is to not push it too far.
Similarly, healthy and sustainable
globalization
should not impose a straitjacket of common rules on everyone.
The financial crisis laid bare the soft underbelly of
globalization.
It would be a mistake to respond by trying to take
globalization
to the next level.
The same goes for investment flows – the second engine of
globalization
– which are often conveniently forgotten in discussions of the US-China economic relationship.
Unless these rules and institutions are further developed, globalization, too, will take an ever more chaotic shape.
But in the new world of globalization, there is greater economic interdependence, which requires more collective action, rules and institutions, and an international rule of law.
Economic
globalization
has, however, outpaced political globalization; the processes for decision making are far from democratic, or even transparent.
In no small measure, the failures of
globalization
can be traced to the same mindset that led to the failures in Iraq: multilateral institutions must serve not just one country's interest, but all countries'.
If we are to make the world politically more secure and economically more stable and prosperous, political
globalization
will have to catch up with economic
globalization.
With the United States about to come under the leadership of a president who loudly touted an “America First” outlook, they looked desperately for a new champion of
globalization.
On the contrary,
globalization
– the immense flow across borders of people, ideas, greenhouse gases, goods, services, currencies, commodities, television and radio signals, drugs, weapons, emails, viruses (computer and biological), and a good deal else – is a defining reality of our time.
And
globalization
and new technologies have torn down the wall that for centuries separated the rich and prosperous countries of the North from the poor and underdeveloped countries of the South.
Moreover, such strategies must be continuously updated to reflect changing socioeconomic realities – from
globalization
and artificial intelligence to greater awareness of gender and race discrimination – in order to secure the support of citizens, especially younger people.
To break this cycle, Kenya needs a new approach to government – a return to Kenyatta’s original vision of justice and equality, and a way for the poor to benefit from economic growth and
globalization.
Moreover, large corporations are able to take full advantage of
globalization
(for example, by arbitraging tax regimes to minimize their payments).
But
globalization
today is different, because it is becoming quicker and thicker.
World War I was the trigger that set off the reversal, with economic
globalization
declining while military
globalization
increased, as witnessed by two world wars and a global cold war.
A rising power, beset with internal inequality, turns to nationalism and challenges the dominant power, provoking a war that turns back the progress of economic
globalization.
Some critics of
globalization
might welcome such an outcome.
But the result, as we saw after 1914, would be the worst of both worlds – reversal of the economic
globalization
that spreads technology and power, but reinforcement of negative dimensions of military and ecological globalization, such as war, terror, climate change, and the spread of infectious diseases.
Four Certainties About Populist EconomicsMILAN – Successful economic
globalization
requires reasonably successful growth patterns in individual countries.
This period was arguably the heyday of
globalization.
Of course,
globalization
continued through the 1970s and beyond.
Driven by the labor arbitrage embedded in economic
globalization
and the rise of disruptive digital technologies, advanced economies’ middle-class manufacturing jobs disappeared, their median incomes stagnated, and job and income polarization grew, even as GDP growth remained strong.
This new pattern – which persisted through the 1980s and 1990s, and accelerated after 2000 – caused inequality to rise sharply, weakening the foundations of
globalization.
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