Globalization
in sentence
2352 examples of Globalization in a sentence
The problem today is that, with increased
globalization
an apparently permanent new condition, and with inequality within countries widening, people tend to feel that their long-term economic situation is getting riskier.
In the economic realm, China expected continued Western leadership on economic
globalization.
But while it is celebrated in certain American circles, it displays many of the problems that characterize past trade agreements, problems that generate much discontent about
globalization.
One source of discontent with
globalization
is that it deprives countries of their freedom to protect their economy and citizens.
It must accept the idea of a long-term international redistribution policy to assist those who are excluded from the benefits of globalization, and give itself the means to implement this ambitious policy.
But phenomena associated with economic development – namely, urbanization, globalization, and the proliferation of toxic chemicals and petroleum-powered vehicles – cause ambient air, chemical, occupational, and soil pollution to rise, with cities in developing countries hit particularly hard.
Yet parallels exist: without the checks and balances of sound domestic institutions, the global winds of political liberalization unsettle former authoritarian regimes, much as economic
globalization
wrecked havoc on weak financial institutions.
The trouble in the 1990s arose out of an unexpected confluence of vulnerable domestic financial systems and volatile international capital movements brought about by the
globalization
of financial markets.
Rapid globalization, however, came about only in part through technological advances.
If China surmounts these hurdles and does eventually become the world’s predominant economic power,
globalization
will, indeed, take on Chinese characteristics.
To be sure,
globalization
needs rules and a recognized framework to ensure that it benefits everybody, delivering sustained and inclusive economic growth.
But to abandon it altogether and retreat from
globalization
is the wrong answer.
Of course, the G20 is not perfect, but it is the best institution we now have for achieving a form of
globalization
that works for everyone.
Germany is committed to do its best as an honest broker within the G20 and beyond to ensure that
globalization
truly does benefit all.
In today’s era of globalization, marked by flexible and mobile production networks, exchange rates affect more than exports and imports.
What the attacks of September 11 th demonstrated is that the information revolution and globalization, have changed world politics in a way that means Americans cannot achieve all their international goals acting alone.
Sarkozy has called free trade “a policy of naiveté,” and wants to take a number of steps that would stand in the way of economic
globalization.
In an article last year in the US journal Foreign Affairs , Alan Blinder, a former advisor to President Bill Clinton and Vice-Chair of the US Federal Reserve Board, argued that the process of
globalization
has the potential to cause massive job loss in the future.
No single national culture is the driving force but, instead,
globalization
is powered by a restless individualism drawing on a growing store of mass symbols.
And in times of globalization, distinguishing between “national” and “foreign” is neither appropriate nor feasible.
Indeed, the third danger is that greater state intervention in the economy entails a shift away from globalization, paving the way for various forms of national protectionism.
But, to distill the essence of today’s mood, one could say that fear is the direct result of the process of globalization: the world is not necessarily flat, but it definitely feels smaller – and “others” appear more menacing than ever.
The simultaneity of unmanageable uncertainties – the crux of
globalization
itself – may lure some into seeking to reverse a process that has become inescapable and over which no one has control.
Given that all alternatives to
globalization
are unrealistic, frightening, or both, how can we sublimate, transcend, or at least channel our fears?
This agenda is all the more important because rising inequality can produce a backlash against
globalization
and technological change, both of which are major drivers of economic growth.
International cooperation will be key to managing some aspects of globalization, especially regarding taxes on mobile capital.
To prepare the world to confront the challenges posed by
globalization
and technological development in a way that supports sustainable and equitable growth, governance institutions and regulations at both the national and international levels must be drastically improved.
Worse, because the partial fixes to the financial system will enable even more globalization, they will end up making matters worse, as strain on already-inadequate governance and regulatory frameworks increases, not only in finance, but also in other economic and technological fields.
The Commission rightly says that in this age of
globalization
there is no longer such a thing as a national carmaker, but there are still national plants and national payrolls that politicians facing elections will be desperate to defend.
So Karl Marx, it seems, was partly right in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct (though his view that socialism would be better has proven wrong).
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