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Labor shortages, globalization risks, and AI could spur inflation shocks, he said. Don't mistake the world's ability to rein in inflation as a permanent victory, a T. Rowe Price analyst wrote for ...
The U.S. is undergoing a transformative shift away from globalization and toward localization, with initiatives such as the Inflation Reduction Act and the CHIPS and Science Act prioritizing ...
Trump’s tariffs from his first term increased consumer prices in the furniture and kitchen cabinet sector by 7.1 percent, the corner of the economy that saw the biggest surge in prices ...
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.
Globalization and Its Discontents is a book published in 2002 by the 2001 Nobel laureate Joseph E. Stiglitz. The title is a reference to Freud's Civilization and Its Discontents . The book draws on Stiglitz's personal experience as chairman of the Council of Economic Advisers under Bill Clinton from 1993 and chief economist at the World Bank ...
In addition to the types of impacts, economic impact analyses often estimate the sources of the impacts. Each impact can be decomposed into different components, depending on the effect that caused the impact. Direct effects are the results of the money initially spent in the study region by the business or organization being studied. This ...
Peak globalization brought cheap products to the United States from everywhere. The slow rebuild from the Great Recession kept spending gains modest. The whole world now faces higher inflation.
Trend of monthly inflation rate in Italy, from 1962 to February 2022. In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop. [1]