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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.
Stiglitz notes how Trump framed the United States as the victim of globalization, when it fact, many of the specific agreements his campaign took issues with were instigated at the behest of the US, primarily to its benefit, or at least, the benefit of the American business community, who, in the case of NAFTA, offshored large swathes of the US ...
That Used to be Us: How America Fell Behind in the World It Invented and How We Can Come Back is a nonfiction book written by Thomas Friedman, a Pulitzer Prize-winning New York Times columnist and author, with Michael Mandelbaum, a writer and foreign policy professor at Johns Hopkins University. They published the book on September 5, 2011, in ...
The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th century), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization).
Globalization can be spread by Global journalism which provides massive information and relies on the internet to interact, "makes it into an everyday routine to investigate how people and their actions, practices, problems, life conditions, etc. in different parts of the world are interrelated. possible to assume that global threats such as ...
A visible aspect of the cultural globalization is the diffusion of certain cuisines such as American fast food chains. The two most successful global food and beverage outlets, McDonald's and Starbucks , are American companies often cited as examples of globalization, with over 36,000 [ 5 ] and 24,000 locations operating worldwide respectively ...
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]
BLS explained the gap between productivity and compensation can be divided into two components, the effect of which varies by industry: 1) Recalculating the gap using an industry-specific inflation adjustment ("industry deflator") rather than consumption (CPI); and 2) The change in labor's share of income, defined as how much of a business ...