Search results
Results from the WOW.Com Content Network
Globalization is criticized for its role in increasing carbon dioxide emissions. The increased volume of international trade increases energy consumption as seen in a 2001 study revealing a relationship between economic globalization and trade openness leads to energy consumption and CO 2 emissions. [20]
Proponents of globalization point to economic growth and broader societal development as benefits, while opponents claim globalizing processes are detrimental to social well-being due to ethnocentrism, environmental consequences, and other potential drawbacks. [13] [14]
However, the agricultural sector's entrance in the global economy has meant that peasants have had to “learn about…the language of bankers and lawyers, market intelligence and computers, business administration and phytosanitary measures, biotechnology and intellectual property, and at least the rudiments of trade policy and macroeconomics.
The book deals mainly with the effects of globalization. It describes a growing social divide as a result of "delimitation" of the economy and a loss of political control by the state over the economic development, which is increasingly controlled by global corporations. The authors warn of a so-called "20-to-80-society". [3]
Globalization and Its Discontents is a book published in 2002 by the 2001 Nobel laureate Joseph E. Stiglitz. The title is a reference to Freud's Civilization and Its Discontents . The book draws on Stiglitz's personal experience as chairman of the Council of Economic Advisers under Bill Clinton from 1993 and chief economist at the World Bank ...
The graph shows two periods of deglobalization (1930s and 2010s) and the overall trend since 1880. Periods of deglobalization have mainly been seen as interesting comparators to other periods, such as 1850–1914 and 1950–2007, in which globalization had been the norm, given that globalization is the norm for most people and because the interpretation of the global economy has mainly been ...
Hyper-globalization is the dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century. It covers all three main dimensions of economic globalization, cultural globalization, and political globalization.
In the post-World War II period, states sacrificed globalization while embracing democracy at home and national autonomy. [7] The trilemma suggests that the backlash against globalization in the last few decades is rooted in a desire to reclaim democracy and national autonomy, even if it undermines economic integration. [ 7 ]