Globalization
in sentence
2352 examples of Globalization in a sentence
Little wonder, then, that
globalization
continues to call forth old-fashioned non-economic concepts like dignity, justice, fair prices, and decent wages.
Opposition to
globalization
and market forces has often been the preferred way of trying to hang on to an idealized view of what life used to be like.
Massachusetts Institute of Technology economist David Autor and his colleagues have carefully documented the impact of
globalization
and labor-saving digital technologies on routine jobs.
They were also revolutions of ideas – the
globalization
of protest as a strategy.
The
globalization
of financial markets that took place since the 1980’s allowed financial capital to move freely around the world, making it difficult to tax or regulate.
In an era of globalization, there are no innocent bystanders.
Populist parties, which had already gained a foothold by playing on people’s fears of and frustrations with globalization, seized on this notion.
Economists’ advocacy of neoliberal “Washington Consensus” policies and of financial
globalization
falls into this category.
He will also oppose free trade, globalization, immigration, and foreign direct investment, while favoring domestic workers and firms, particularly state-owned enterprises and private business and financial groups with ties to those in power.
But their economic policies – anti-market and fearful that liberal capitalism and
globalization
will erode national identity and sovereignty – have many elements in common with populist parties of the left, such as Syriza in Greece (before its capitulation to its creditors), Podemos in Spain, and Italy’s Five Star Movement.
The backlash against
globalization
– and the freer movement of goods, services, capital, labor, and technology that comes with it – that has now emerged in many countries is also a boon to illiberal demagogues.
Both camps have embraced globalization, although they may have different views about how to manage its consequences.
Germany’s Economic Road AheadMUNICH – The next German government will face economic-policy challenges in five key areas: digitalization and automation, demographic change, globalization, climate change, and European integration.
Generally speaking,
globalization
implies a narrower scope for national policy.
Climate change is another facet of globalization, because here, too, there is nothing that Germany can do by itself to halt global warming.
The low interest rates, high commodity prices, rapid globalization, and post-Cold War stability that underpinned this extraordinary period are unlikely to persist.
On economic, financial, tax, trade, and climate issues, many people around the world are fearful or angry, believing that a worldwide cabal of bankers, corporations, and G-20 elites uses insider deals to monopolize the benefits of
globalization.
Dani Rodrik’s 2011 book The
Globalization
Paradox criticizes
globalization
enthusiasts for wanting full liberalization of foreign trade and capital movements; he argues that when democratically established social arrangements clash with the demands of globalization, national priorities should take precedence.
No less than excessive centralized state power, he writes, unmanaged
globalization
can tear apart the fabric of local communities.
Rajan emphasizes the role of local leaders who can mobilize community assets, generate social engagement on the part of local residents, and create a new image – all in the context of more supportive state policies and managed
globalization.
The
globalization
of production networks magnifies such effects further.
Migration is the side of
globalization
that, to borrow Oscar Wilde's phrase, dare not speak its name.
Advocates of
globalization
dance around the topic because they fear it will incite nativist backlash.
Respectable opponents of
globalization
avoid it in fear that they will be called racists or insensitive to the plight of the world's poorest.
Although many markets are nowadays increasingly open--even if others, notably agriculture, remain distorted by protectionism--integrating global labor markets has largely been left out of the
globalization
process.
Liberal immigration policies and the economic growth promised by
globalization
are the keys to preventing dire conditions in poor countries from being translated into violence at home and abroad.
As Harvard University’s Robert Lawrence has argued, deindustrialization is common and predates the recent wave of economic
globalization.
One obvious culprit may be
globalization
and economic openness, which have made it difficult for countries like Brazil and India to compete with East Asia’s manufacturing superstars.
We can enhance the efficiency and legitimacy of
globalization
by supporting rather than crippling democratic procedures at home.3.Pluralist prosperity.
Most importantly, they must comprehend the ultimate paradox that each of these principles highlights:
globalization
works best when it is not pushed too far.
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