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Among the many consequences of globalization, the hollowing out of American manufacturing has led to increased military spending but a loss of U.S. military strength. The reliance on overseas ...
On Trade, Trump 2.0 Won’t Be Like Trump 1.0—for Better and Worse. Scott Lincicome. November 20, 2024 at 4:09 PM ... As I explain in the introduction to our new Cato book on globalization, ...
Progress: Ten Reasons to Look Forward to the Future is a 2016 book by Swedish writer Johan Norberg (a Senior Fellow of the libertarian Cato Institute), which promotes globalization, free trade and the notion of progress. In it, Norberg develops his ideas published previously in In Defense of Global Capitalism (2001). [1]
In 2023, the U.S. experienced a trade deficit of $773 billion, with China as its largest trade creditor.The U.S. trade deficit has steadily grown since 2009, regardless of which party held the ...
The journalist Thomas L. Friedman popularized the term "flat world", arguing that globalized trade, outsourcing, supply-chaining, and political forces had permanently changed the world, for better and worse. He asserted that the pace of globalization was quickening and that its impact on business organization and practice would continue to grow.
Hyper-globalization is the dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century. It covers all three main dimensions of economic globalization , cultural globalization , and political globalization .
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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.