Globalization
in sentence
2352 examples of Globalization in a sentence
There is considerable slack in labor markets as well: Too many unemployed workers are chasing too few available jobs, while trade and globalization, together with labor-saving technological innovations, are increasingly squeezing workers’ jobs and incomes, placing a further drag on demand.
But it is not just Trump, with his populist “America First” agenda, who opposes
globalization
and advocates protectionism, particularly against China.
Some liberal and highly respected economists, including Larry Summers, also worry about the outcome of globalization, even if they disagree with Trump’s approach.
Because
globalization
will spread technical capabilities, and information technology will allow broader participation in global communications, American preponderance will become less dominant later this century.
Voters across Latin America are becoming skeptical of market-oriented policies and globalization, making it more likely that in coming years, and under new leadership, economic policies in the region will be less friendly to foreign investment in general, and to US economic interests in particular.
Instead, for the most part, economic narratives have prevailed: globalization, while improving overall wellbeing, also dislocates workers and industries, and generates greater income disparity, creating the anxious electorates that backed Brexit and Trump.
An alternative narrative asserts that technological advances, more than globalization, have exacerbated economic inequalities, setting the stage for political disruptions in developed countries.
In either case, policymakers in emerging countries have identified inequality as a major problem, and rallied around efforts to improve social mobility, lest
globalization
and new technologies displace their middle and working classes, and clear a path for their own versions of Trump and Brexit.
What unites Trump and Leave supporters is not anger at being excluded from the benefits of globalization, but rather a shared sense of unease that they no longer control their own destinies.
Paradoxically, Brexit and Trump supporters might be feeling the effects of
globalization
because overall inequality has actually declined.
But the raging debate over
globalization
often overlooks an increasingly important feature that makes life better and more stable for poor people in developing countries right now: the many millions of migrants who send money home.
It is a vision that appeals mainly to those who are suspicious of modernity and hostile toward
globalization.
The new goals must account for a world undergoing rapid globalization, in which all countries have assets as well as needs.
Instead of ignoring the other (the American way) or lamenting a wounded ego (the European way), they should confront the common challenges they face as a result of a
globalization
process that they are no longer able to master.
Simply put, the
globalization
of information has tipped the scales in favor of those who view falsehood as a tool of control.
But
globalization
is now affecting the tactics that farmworkers have chosen.
But not until the United Kingdom’s “Brexit” referendum did the debate revolve around such central issues as globalization, free trade, immigration, and their economic effects.
Policymakers didn’t care about the victims of globalization, because they didn’t believe they had to care.
Take encouragement from Tony Blair’s message last year to European socialists — change or count your days, but also recognize that competition, privatization and
globalization
dramatically impact the earnings of unskilled people.
In particular,
globalization
will become increasingly critical for economic growth, especially for small economies.
Add to this the rise of populist and nationalist parties in Britain, partly a consequence of the political and economic alienation that have resulted from
globalization
and economic troubles, and Labour and the Conservatives are fighting over dwindling support.
We live in an era in which
globalization
expands the market for ultra-talented individuals but competes away the income of ordinary employees.
More importantly, it is very likely that countries’ abilities to navigate the rising social tensions generated by gaping inequality could separate the winners and losers in the next round of
globalization.
While opponents of
globalization
still fight “neo-liberal” policies, political discourse has taken a new turn.
Brexit in the UK and Trump’s election in the US reflect growing frustration with some economic and social effects of globalization, such as offshoring.
In his symbolic speech at the World Economic Forum’s Annual Meeting in Davos in January, President Xi Jinping established himself as a firm defender of
globalization.
The fact is that people everywhere are having trouble coming to terms with the rapid changes resulting from technology and
globalization.
For, although
globalization
spins off a lot more winners than losers, many people are worried, and worried people press their leaders to slow things down.
Outgoing US Federal Reserve chairman Alan Greenspan preaches flexibility as a way of dealing with
globalization.
Little wonder, then, that long-simmering frustration with the way
globalization
has been handled and resentment at the unfair distribution of its gains have fueled the political backlash sweeping the world of late.
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