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Globalization and financing public goods [ edit ] In a 2012 article written with Lucie Gadenne, Cagé showed that trade liberalization in developing countries generally “led to larger and longer-lived decreases in total tax revenues in developing countries since the 1970s than in rich countries in the 19th and early 20th centuries.
It is argued that globalization is related to the spreading of modernization across borders. Global trade has grown continuously since the European discovery of new continents in the early modern period ; it increased particularly as a result of the Industrial Revolution and the mid-20th century adoption of the shipping container .
The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialisation), developed its current meaning sometime in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post–Cold War world. [2]
Globalization can be seen as a new form of colonization or imperialism, as economic inequality and the rise in unemployment have followed with its implementation. Globalization has been criticized for benefiting those who are already large and in power at the cost of endangering the countries’ indigenous population.
Multilateral organizations such as the WTO necessarily support globalization in their encouragement of trade between nations. This has some undeniable benefits—a majority of countries see more employment opportunities, an increase of real wages, higher rates of technological innovation, and an overall higher quality of life, especially for ...
Cross-cultural psychology attempts to understand how individuals of different cultures interact with each other. [1] Along these lines, cross-cultural leadership has developed as a way to understand leaders who work in the newly globalized market.
Weaknesses Cat's total debt-to-equity ratio stands high at 258%. It needs to continuously boost margins and ensure cash flow is strong enough to cover interest and debt-related payments as they ...
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.