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Chicago Tribune (September 13)

2020/ 09/ 14 by jd in Global News

Chicago “like other major cities around the world, is a global city, a hub in the global economy, and that economy is on the ropes.” But “globalization is no unalloyed blessing.” Some would rather say goodbye to this “powerful economic force that richly rewards some and impoverishes others.” We can’t. “For better or worse, the global economy is the only economy we’ve got. Like the industrial economy before it, it is flawed, often cruel, but it pays the bills. If Chicago is to mend its divisions, it will have to do it with the money it reaps from its status as a global city.”


Barron’s (December 27)

2019/ 12/ 27 by jd in Global News

“Megatrends, like aging and climate change, are forcing governments to take care of themselves, understanding there are going to be massive challenges. As a result, we’re starting to see the peak of globalization, meaning limits to the movement of free capital, goods, money, services, and knowledge.”


CBS News (September 7)

2018/ 09/ 08 by jd in Global News

“The Trump administration’s trade battles with China, Canada, Mexico and other countries around the world can feel like a bewildering descent into the obscure. But you don’t have to be an expert to grasp that, in the era of globalization, a trade war upends the way countries have operated for decades.”


Institutional Investors (June 11)

2018/ 06/ 13 by jd in Global News

“When the U.K. secedes from the EU, it will abandon 70 years of globalization. It will turn away from a world order that increasingly relies on supranational institutions to check the power of extremely wealthy individuals and corporations like Apple and Facebook, with market capitalizations far bigger than the GDPs of most nations.” The potential consequences of Brexit leave many in the City of London feeling threatened, but there is “a coterie of hard-right, wealthy businessmen” who are delighted about “rolling back globalization to protect their positions of power — all in the name of populism.”


Fortune (December 22)

2017/ 12/ 24 by jd in Global News

“Technology and globalization are leading to more and faster disruption than ever. To stay ahead, smart companies are turning to design to better connect with customers and find their competitive advantage.” In a “hyper-connected world, “design can help bring coherence to the chaos” and “Fortune 500 companies are hiring chief design officers and investing heavily in design centers and innovation centers. Professional services firms, too, have joined the fray.”


1843 (November Issue)

2017/ 11/ 12 by jd in Global News

“Globalisation has turned citizenship into a commodity.” Estimates suggest that each year, “several thousand people spend a combined $2bn or more…on adding a passport or residence permit to their collection.” Convenience and instability are two of the factors encouraging the acquisition of additional passports, which do not come cheap. “The required investment ranges from upwards of $10,000 (Thai residence, for instance) to more than $10m (fast-track residence in Britain).”


Nikkei Asian Review (July 9)

2017/ 07/ 11 by jd in Global News

“Japan’s listed companies saw their aggregate sales surge 20% from fiscal 2000 to 2016, while their net profit soared by nearly 40%. A look at some of the best performers suggests the growth can be chalked up to two key factors: globalization efforts and new business models.”


The Economist (March 9)

2017/ 03/ 12 by jd in Global News

“The spread of exotic grains is evidence that globalisation works.” You may mock quinoa and other hip foods, but they are welcome sign “of rising prosperity and expanding choice. The spread of better farming techniques has raised yields, helping humanity feed itself despite a rising population.” In contrast, “plans to erect trade barriers and possibly start a trade war” deserve derision. They “would make the world poorer and hungrier.”


The Economist (November 12)

2016/ 11/ 13 by jd in Global News

Trump’s election “threatens old certainties about America and its role in the world.” America’s allies have been rocked by “the sense that old certainties are crumbling…. The fear that globalisation has fallen flat has whipsawed markets. Although post-Brexit Britons know what that feels like, the referendum in Britain will be eclipsed by consequences of this election. Mr Trump’s victory has demolished a consensus. The question now is what takes its place.”


Economist (October 1)

2016/ 10/ 02 by jd in Global News

“Globalisation’s critics say it benefits only the elite. In fact, a less open world would hurt the poor most of all…. There is a world of difference between improving globalisation and reversing it. The idea that globalisation is a scam that benefits only corporations and the rich could scarcely be more wrong.”


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