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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.
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 ...
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 US economy is on solid footing right now. Economists at Bank of America expect it to stay that way through next year. In a research note released to reporters on Monday, BofA's economics team ...
Geopolitical economy is a contemporary Marxist approach to understanding the capitalist world historically. [1] It was proposed by Radhika Desai in her Geopolitical Economy: After US Hegemony, Globalization and Empire [2] as a critique of contemporary mainstream theories of International political economy (IPE) and International relations (IR). [3]
U.S. manufacturers are optimistic that the sector will emerge from a prolonged recession next year, though capital expenditure growth was likely to fall short of 2024's pace. The Institute for ...