Example collocations logo

Globalization in sentence

2352 examples of Globalization in a sentence

The Abdication of the LeftRONDA, SPAIN – As the world reels from the Brexit shock, it is dawning on economists and policymakers that they severely underestimated the political fragility of the current form of globalization.
Some economists, including me, did warn about the consequences of pushing economic globalization beyond the boundaries of institutions that regulate, stabilize, and legitimize markets.
So why has the left been unable to mount a significant political challenge to globalization?
One answer is that immigration has overshadowed other globalization “shocks.”
These countries experienced globalization mostly as a trade and foreign-investment shock, rather than as an immigration shock.
But the experience in Latin America and southern Europe reveals perhaps a greater weakness of the left: the absence of a clear program to refashion capitalism and globalization for the twenty-first century.
France’s Socialist technocrats appear to have concluded from the failed Mitterrand experiment with Keynesianism in the early 1980s that domestic economic management was no longer possible, and that there was no real alternative to financial globalization.
There, Chinese President Xi Jinping offered a robust defense of globalization and emphasized his view that in pursuing national agendas, countries should place objectives “in the broader context” and “refrain from pursuing their own interests at the expense of others.”
Over the long run, globalization and economic convergence will resume, and emerging market and commodity currencies will have to strengthen.
A French CurePARIS – France is widely regarded around the world as a country that has failed to embrace globalization or to modernize its economic and social model.
French society is ambivalent about its own identity, the way ahead for its social model, its attitude toward globalization, its stance on Europe – and, increasingly, even about economic growth itself.
Most important, in today’s age of globalization, revolutionary information technology, and broadened participation, citizens in democracies must learn more about the nature and limits of the new demands on leadership.
The end of the Cold War undercut the foreign-policy logic behind America’s backing, as increasing globalization of trade and investment made economic support for developing countries seem less necessary as a way to expand markets.
The US labor market is more flexible than Europe’s, enabling it to react more nimbly to the ever shifting sands of globalization.
Beyond the specific problems of the monetary union, there is also a global dimension to Europe’s challenges – the tension, emphasized by authors such as Dani Rodrik, and Jean Michel Severino and Olivier Ray, between national democratic politics and globalization.
Nonetheless, unless globalization can be slowed down or partly reversed, which is unlikely and undesirable in the long run, the kind of “politics beyond borders” for which Europe is groping will become a global necessity.
Periods of globalization have been eras of considerable economic advance; but they have also increased inequality within particular countries, as markets rewarded scarce factors of production, thus fueling powerful political backlashes that endangered the continuation of trade and financial integration.
Winning Over Globalization’s LosersOn both sides of the Atlantic, many view economic globalization as a threat to below-average earners.
But sharing the benefits of globalization with the losers is traditionally regarded as a national responsibility.
The economic case for a European globalization fund is that trade policy has been delegated to the European level, while Union members retain control rights to block decisions.
The strong dollar policy reeks of an economic nationalism that is out of step with the era of globalization.
Too often, global governance is another name for the pursuit of these interests’ global agenda, which is why it ends up mainly furthering globalization and harmonizing domestic economic policies.
Free-Trade BlindersCAMBRIDGE – I was recently invited by two Harvard colleagues to make a guest appearance in their course on globalization.
When, on the other hand, the forces of trade repeatedly hit the same people – less educated, blue-collar workers – we may feel less sanguine about globalization.
They are prone to attribute concerns about globalization to crass protectionist motives or ignorance, even when there are genuine ethical issues at stake.
While globalization occasionally raises difficult questions about the legitimacy of its redistributive effects, we should not respond automatically by restricting trade.
Fetishizing globalization simply because it expands the economic pie is the surest way to delegitimize it in the long run.
He should spend more time with the authorities in Iceland or Ireland or Switzerland, countries where “financial globalization” allowed banks to become big relative to the economy.
In rich countries, this weakening has happened as a result of cultural globalization and mass migration; in emerging countries, traditional roles and values are succumbing to rapid urbanization and the rise of a new middle class employed in industry or services.
Developing countries, long encouraged or even compelled to export and otherwise embrace globalization, have been abruptly told to switch course: to produce for the domestic market and to import more.
BackNext