Globalization
in sentence
2352 examples of Globalization in a sentence
Given the impact of
globalization
and the direct challenge to the EU implied by competition from countries like China and India, the European economy needs to become more innovative.
After all,
globalization
has brought many overall benefits, but also less friendly aspects, such as the ones dealing with global security.
Confronting the Global Threat to DemocracyOXFORD – Across the world, populists are attracting votes with their promises to protect ordinary people from the harsh realities of
globalization.
The democratic establishment, they assert, cannot be trusted to fulfill this purpose, as it is too busy protecting the wealthy – a habit that
globalization
has only intensified.
For decades,
globalization
promised to bring benefits to all.
Alongside inequality, declining public trust fuels the revolt against
globalization
and democracy.
Governments have permitted
globalization
– and peripatetic wealth-holders – to outpace them.
When governments failed to cooperate in the 1930s,
globalization
came to a crashing halt.
It took a series of careful, highly managed efforts after World War II to open up the world economy and permit
globalization
to take off again.
In 2016, we are re-learning that, politically,
globalization
needs to be managed not just to permit the winners to win, but also to ensure that they do not cheat or neglect their responsibilities to their societies.
They speak with admiration about the economy’s transition from Maoism to “red capitalism,” its resilience in the face of the 2008 global financial crisis, and its emergence as perhaps the main winner of
globalization.
In the United States, income inequality has risen as the upper end of the income and education spectrum benefits from globalization, while the rest experience declining employment opportunities in the tradable sector.
Finally, global economic-management institutions need to address whether the pace of globalization, and its implied structural change, is faster than the capacity of individuals, economies, and societies to adjust can withstand.
CAMBRIDGE – The world economy will shrink this year for the first time since 1945, and some economists worry that the current crisis could spell the beginning of the end of
globalization.
Ironically, however, such a grim prospect would not mean the end of globalization, defined as the increase in worldwide networks of interdependence.
Globalization
has several dimensions, and, though economists all too often portray it and the world economy as being one and the same, other forms of
globalization
also have significant effects – not all of them benign – on our daily lives.
The oldest form of
globalization
is environmental.
Then there is military globalization, consisting of networks of interdependence in which force, or the threat of force, is employed.
The prior era of economic
globalization
reached its peak in 1914, and was set back by the world wars.
But, while global economic integration did not regain its 1914 level until half a century later, military
globalization
grew as economic
globalization
shrank.
Finally, social
globalization
consists in the spread of peoples, cultures, images, and ideas.
Ideas are an equally important aspect of social
globalization.
The danger today is that short-sighted protectionist reactions to the economic crisis could help to choke off the economic
globalization
that has spread growth and raised hundreds of millions of people out of poverty over the past half-century.
But protectionism will not curb the other forms of
globalization.
So, unless governments cooperate to stimulate their economies and resist protectionism, the world may find that the current economic crisis does not mean the end of globalization, but only the end of the good kind, leaving us with the worst of all worlds.
After
globalization
made it easier to move manufacturing and service jobs from rich to poor countries, growing automation now threatens to move jobs from humans to robots.
But
globalization
and technological progress, by making it easier to match supply and demand, will make such monopolistic behavior harder to maintain in the future.
The first is the flip side of globalization: Far from homogenizing the world's population and erasing differences, our era is marked by the increasingly sharp assertion of local ethnic, political, and religious identities.
But advocates of
globalization
should keep the champagne on ice: protectionists and advocates of “illiberal democracy” are on the rise in many other countries.
But if the losers remain worse off, why should they support
globalization
and pro-market policies?
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