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Globalization can be partly responsible for the current global economic crisis. Case studies of Thailand and the Arab nations' view of globalization show that globalization is a threat to culture and religion, and it harms indigenous people groups while multinational corporations profit from it.
Globalization – Lesser-skilled American workers have been losing ground in the face of competition from workers in Asia and other emerging economies. [ 15 ] Changes in labor demand – The rapid pace of progress in information technology has increased the relative demand for higher-skilled workers.
There are four main conclusions that can be drawn from the elephant curve in relation to globalization’s effect on income inequality. [1] Beginning with the tail portion of the graph, in the past two decades the very poorest citizens of the world have experienced almost no benefits from the rise of globalization. [1]
The US Gini rating (after taxes and transfers [206]) puts it among those of less developed countries. The US is more unequal or on par with countries such as Mozambique, Peru, Cameroon, Guyana and Thailand. [204] Across Europe the ratio of post-tax income of the top 10% to that of the bottom 50% changed only slightly between the mid-1990s and 2019.
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 ...
Existential threats are converging–and they are a direct result of a global economic model that blossoms at the expense of the environment and society.
Last week, the U.S. Chamber of Commerce informed members in an email that the Biden administration was considering adding as many as 200 Chinese chip companies to a trade blacklist, which would ...
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.