Globalization
in sentence
2352 examples of Globalization in a sentence
Contrary to glib assumptions,
globalization
of capital, trade, and migration flows is not “good for everyone.”
But economic theory also tells us that there will inevitably be losers as well as winners, so that liberalization and
globalization
will be good for everyone only if the winners compensate the losers.
If any good can come from this depressing result, it is that a wake-up call has been heard, alerting us to the downsides of
globalization.
“America First” and Global Conflict NextNEW YORK – Donald Trump’s election as President of the United States does not just represent a mounting populist backlash against
globalization.
It opened its markets and laid the foundations for
globalization
and the information revolution, kept sea-lanes open for international trade, and catalyzed the Green Revolution… The list goes on.
Yet
globalization
knows no limits, not even those set by the guardians of Islamic probity.
After all, China’s phenomenal
globalization
success is due as much to the regime’s unorthodox and creative industrial policies as it is to economic liberalization.
China plays the
globalization
game by what we might call Bretton Woods rules, after the much more permissive regime that governed the world economy in the early postwar period.
This debate is at the cutting edge of today’s globalization, yet it is clouded by a healthy dose of national self-interest.
Goldman Sachs, the venerable Wall Street firm at the epicenter of financial globalization, paid more than $16 billion dollars in compensation to its 25,000 employees in 2006, and spun out another $9 billion for its shareholders – a total that is greater than the annual income of most African countries.
Technological revolutions in communications and economic
globalization
have brought citizens of different countries together, they argue.
At the heart of
globalization
has been the emergence of fast-growing economies, most notably Brazil, India, and, above all, China.
Pluralism – accelerated, expanded, and intensified by
globalization
– has become a pervasive fact of social life and individuals’ consciousness.
Although critical to China's goals of modernization and globalization, the internet threatens the political status quo.
After all, while
globalization
and technology lead to job displacement, sufficient growth can ensure that overall employment is sustained.
America was just beginning to emerge as a world power during the surge of
globalization
in the last third of the nineteenth century, which coincided with the opening up of the American West.
Given economic
globalization
and global communications, autocratic rulers derive almost as much strength from their international standing as they do from their control of domestic institutions.
This has left people everywhere, rich and poor alike, struggling to cope with problems – from failed states to failed banks, from over-fishing to under-employment, from climate change to economic stagnation – to which
globalization
has contributed but cannot address effectively.
With fragmentation threatening to replace globalization, the urgent need now is to share concepts, insights, and good practices that can bring people together and head off dangers.
This treatment goes far beyond documentaries like Michael Moore’s polemical Fahrenheit 9/11 or The Corporation , an earnest if somewhat paranoid portrayal of multinational companies’ role in
globalization.
But I would submit that Hollywood’s misgivings, however untutored, represent only the tip of a growing iceberg of resentment against the perceived injustices of
globalization.
The simple truth is that corporations represent capital, and capital – in the form of factories, equipment, machines, money, and even houses – has been the single biggest winner in the modern era of
globalization.
This is not to say that unskilled workers are actually being made worse off by
globalization
in absolute terms; the vast majority are actually breaking even or better.
Though India’s public vocational education and training systems are well institutionalized, they lack the scale, curriculum, financing, and incentives needed to prepare young workers to meet the demands of rapid
globalization
and technological advancement.
As British economist Roger Bootle pointed out in his 1996 book The Death of Inflation, the price-cutting effects of
globalization
have been a much more important influence on the price level than the anti-inflation policies of central banks.
Given increasing
globalization
of business activity; the rising importance of intangible capital that is difficult to price and easy to move (for example, patents and brands); competitive cuts in national corporate tax rates; and the spread of tax havens, income shifting and the resulting tax-base erosion have become a major policy concern throughout the OECD.
But even when people do not work together, globalization, by bringing the world to everyone’s living room (or hut), enables them to make much wider comparisons of their living standards.
Those who advocate leaving
globalization
exclusively in the hands of the private sector may resent the idea of vesting tax-raising authority in a global agency.
As Summers and others argue,
globalization
has brought large gains to the world economy as a whole, but seldom have the winners compensated the losers, directly or indirectly.
After all, the three disastrous decades that started in 1914 followed a period of rapid and deep
globalization.
Back
Next
Related words
Economic
Countries
World
Trade
Which
Global
Their
Financial
About
Political
Against
People
While
Growth
Would
Economy
Social
Markets
International
There
