Example collocations logo

Globalization in sentence

2352 examples of Globalization in a sentence

While financial globalization has not enhanced growth, it has exacerbated volatility and instability.
Under recent French leadership, the International Monetary Fund, after decades of promoting economic – especially financial – liberalization and globalization, has become more careful, if not skeptical, of its own previous policy analyses, prescriptions, and operations.
Moreover, Brazil’s elites are less insulated and hostile to globalization than in the past, and they increasingly accept that protectionist postures are counterproductive.
The rapid, and seemingly ceaseless globalization of private capital makes this more urgent by the day.
The structurally conservative network of intertwined institutions lacks the flexibility and creativity needed to give an innovative answer to globalization.
The same could perhaps be said of trade, or even of globalization itself.
It is no accident that the two great eras of globalization – the decades leading up to World War I and the last 75 years – were characterized by balance of power and hegemony, respectively.
At the same time, the pace of technological progress and globalization necessitates rapid structural changes in both developed and developing countries alike.
The New Socialism of FoolsBERKELEY – According to mainstream economic theory, globalization tends to “lift all boats,” and has little effect on the broad distribution of incomes.
To be sure, this form of globalization allows foreign producers to export goods and services to distant markets at a lower cost.
Why, then, has there been such strong political resistance to globalization in the twenty-first century?
This trend is being driven largely by the same forces that have fueled Asia’s economic growth in recent decades: unbridled globalization and technological progress.
In short, as the Nobel laureate Angus Deaton has acknowledged, by creating new opportunities for a certain group of millions of people, while subjecting an enormous number of people to wage stagnation, unemployment, and economic precarity, globalization and technological innovation have helped to widen the gap between the haves and have-nots.
In today’s charged political environment, there is a growing temptation to reject globalization and embrace populist redistribution policies that could end up doing far more harm than good.
There is some evidence that this is now occurring in advanced economies, with the proliferation of labor-saving digital technologies and the globalization of supply chains suppressing income growth.
The second coming of liberalism represented by Roosevelt, Keynes, and the founders of the European Union has been destroyed by the economics of globalization: the pursuit of an ideal equilibrium through the free movement of goods, capital, and labor, with its conjoined tolerance of financial criminality, obscenely lavish rewards for a few, high levels of unemployment and underemployment, and curtailment of the state’s role in welfare provision.
The US economy of high-wage, job-rich manufacturing has foundered with globalization.
Second, globalization in general, and the rise of China in particular, has greatly increased competition on world markets, making it difficult for newcomers to make space for themselves.
Taming the PopulistsMADRID – In many Western democracies, right-wing populists, energized by self-proclaimed victories over “establishment elites,” are doubling down on the claim that globalization lies at the root of many citizens’ problems.
They exploited the feeling of many citizens that the political classes – which touted the benefits of globalization, while allowing inequality to rise to unprecedented levels – had abandoned them.
To be sure, globalization has reduced inequality among countries substantially.
The largest gains from globalization have not only accrued to the middle and upper classes in Asia, but also to the top 1% of earners worldwide.
Despite rising inequality, the benefits of globalization have been more tangible in developing countries.
Indeed, economic openness has helped to lift millions of developing-country citizens out of poverty, which is why the economist Branko Milanovic argues that globalization has driven “the greatest reshuffle of individual incomes since the Industrial Revolution.”
But if they believe that, say, the Chinese are becoming wealthier, while their own real (inflation-adjusted) wages remain largely stagnant, they will not accept globalization.
The image of “untrustworthy elites” is ideal fodder for populists, who claim that globalization has given the wealthy and powerful more money and power than ever.
For that reason, leaders must not reject globalization, but work to guide it, so that it advances their citizens’ interests and wellbeing.
That is why it is so important that national leaders prove, right now, that they can and will tackle inequality and the plight of those who feel left behind by globalization.
Thai Rak Thai’s populism featured income redistribution, cheap health care, micro-credit schemes, and a dazzling array of policy innovations that ushered Thailand into twenty-first-century globalization.
The ideals of globalization, which emphasized cross-border interconnectedness, are being replaced by a framework of “every nation for itself.”
BackNext