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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 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 from
They published the book on September 5, 2011, in the United States. It addresses what the authors see as the four major problems America faces today, and possible solutions. These problems are defined as: globalization, the revolution in information technology, the nation's chronic deficits, and its pattern of energy consumption. [1] [2]
False Dawn: The Delusions of Global Capitalism is a 1998 book by political philosopher John Gray that argues that free-market globalization is unstable and is in the process of collapsing. A 2002 edition includes a foreword that relates the themes of False Dawn to the 11 September 2001 attacks and the new US military posture that led to the ...
Writing in the Harvard Business Review in September 2014, William Lazonick blamed record corporate stock buybacks for reduced investment in the economy and a corresponding impact on prosperity and income inequality. Between 2003 and 2012, the 449 companies in the S&P 500 used 54% of their earnings ($2.4 trillion) to buy back their own stock.
The book is composed of ten chapters which discuss progress in various spheres of life, including "food, sanitation, life expectancy, poverty, violence, the environment, literacy, freedom, equality, the conditions of childhood". [2] Norberg argues that today humanity has reached its highest ever (so far) levels of living standards. [2]
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]
Hirst and Thompson note that globalization is an important topic, not only in economics, but also in the social, political and managerial sciences. There is much talk of the "global village" and it is often argued that a truly global economy has emerged, or is in the process of emerging.