Globalization
in sentence
2352 examples of Globalization in a sentence
In the financial media, China and India have become poster children for market reform and globalization, even though in matters of privatization, property rights, deregulation, and lingering bureaucratic rigidities, both countries have in many ways departed from economic orthodoxy.
Today’s global inequality crisis is the result of 30 years of unchecked deregulation, privatization, financial secrecy, and
globalization.
For those of us who put our faith in international cooperation as a necessary complement to economic globalization, the General Assembly debate revealed a bleak panorama.
As with any economic process,
globalization
has a distributive dimension, which means that it is bound to generate frustration for some groups of people.
So globalization, like democracy, is vulnerable to itself, because it puts at its opponents’ disposal a set of tools that they can use to sabotage it.
Anticipating the German reaction, Macron has countered it: “You cannot say I am for a strong Europe and globalization, but over my dead body for a transfer union.”
The powerful combination of
globalization
and aging will make developing economies ever more susceptible to changes in the terms of trade, interest rates, and exchange rates in rich countries.
Needless to say, the end of the bipolar division of the world and the progress of our civilization along the course that we now call
globalization
urge us to engage in a radically new way of thinking about the future world order.
However, it fails to engage the deep intellectual divisions regarding economic development, trade, and globalization, because it refuses to admit the legitimacy of such disagreements.
In a world of globalization, however, many people belong to multiple imagined communities.
Islamic fundamentalists reckon that what the rest of us regard as the liberalizing influence of technological progress and
globalization
is a brash re-run of Western colonialism.
The message was clear:
globalization
was not just about liberalizing flows of goods, services and capital but about establishing the rules and institutions required to steer markets, foster cooperation, and deliver global public goods.
An important one is that many participants in the international system are having second thoughts about
globalization.
Or will the revolt against
globalization
and immigration simply take another form?
For starters, most populist voters are neither poor nor unemployed; they are not victims of globalization, immigration, and free trade.
It seems, therefore, that the conflicts generally ascribed to economic grievances and
globalization
are actually the latest battles in the culture wars that have split Western societies since the late 1960s.
But if social change can no longer be legitimized as the necessary condition for economic progress, it seems unlikely that democracies will now vote to reinstate the social conditions before the ascendancy of economic liberalism and
globalization.
To achieve majorities, the socially conservative protectionists had to unite with the remnants of the Thatcher-Reagan laissez faire movement, who resent the interventionist economic management of the post-2008 period and want to intensify the competition, deregulation, and
globalization
that social conservatives resent.
During this period of “high globalization,” the two segments of the world making gains were the wealthiest 1% in rich and poor countries and the middle class in a few Asian countries – namely China, India, Indonesia, Thailand, and Vietnam.
The votes for Brexit and Trump are often described today as an ineluctable result of deep socioeconomic factors like inequality or
globalization.
Since then, India has become a poster child for
globalization.
Technological change and
globalization
have created similar labor-market challenges in other developed countries.
In the name of this faith, we have embraced globalization, the widest possible extension of the market economy.
For the sake of globalization, communities are de-natured, jobs off-shored, and skills continually re-configured.
Surowiecki thinks that the change in attitudes has much to do with
globalization.
And additional retraining programs are needed for workers whose jobs will disappear as a result of
globalization
and automation.
As the April 2018 issue of the International Monetary Fund’s World Economic Outlook points out,
globalization
– encompassing freer trade, increased foreign direct investment, and the international use of patents and copyrights – has substantially bolstered the diffusion of knowledge and technology.
The increased international competition associated with
globalization
may also contribute to overall prosperity, as it strengthens incentives to adopt new technologies and to innovate.
These results remain robust even when China is excluded, indicating that the productivity effects associated with
globalization
were broad-based.
The Moral Vulnerability of MarketsLONDON -- Today, there seems to be no coherent alternative to capitalism, yet anti-market feelings are alive and well, expressed for example in the moralistic backlash against
globalization.
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