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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.
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]
Barron's senior managing editor Lauren Rublin interviews TS Lombard's Freya Beamish and Guggenheim Partners CIO Scott Minerd about the impact of deglobalization on countries, companies, and investors.
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 Dow's losses amount to roughly 3%, or more than 1,500 points, in the past nine trading sessions. The index has fallen from a record close of 45,014 on Dec. 4 to 43,499 as of Tuesday's close.
The authors state that America needs to implement changes and the only way that this is going to have a long-term impact is with a major wake-up call that gets people's attention: "Our big challenges today require the kind of national responses that wars have evoked, but without a major ongoing conflict it will be difficult to mobilize the ...
Car insurance premiums in America are through the roof — and only getting worse. But less than 2 minutes can save you more than $600/year 82% of Americans are missing out on a savings account ...