Nikkei Asian Review (July 9)
“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.”
Tags: Best performers, Business models, Globalization, Growth, Japan, Net profit, Sales, Surge
The Economist (March 9)
“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.”
Tags: Exotic grains, Expanding choice, Farming, Globalization, Humanity, Population, Prosperity, Quinoa, Trade barriers, Trade war, Yields
The Economist (November 12)
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.”
Tags: Allies, Brexit, Certainties, Consensus, Election, Fear, Globalization, Markets, Trump, U.S.
Economist (October 1)
“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.”
Tags: Benefits, Corporations, Critics, Elite, Globalization, Poor, Rich, Scam
Bloomberg (June 14)
“The shipping industry is struggling through its worst recession in half a century, and that icon of globalization — the mega-container ship — is a major part of the problem. With global growth and trade still sluggish, and the benefits of sailing and docking big boats diminishing with each new generation, ship owners are belatedly realizing that bigger isn’t better.”
Tags: Better, Bigger, Container ships, Diminishing returns, Globalization, Growth, Recession, Shipping industry, Sluggish, Trade
Institutional Investor (February Issue)
“In this era of globalization 50,000 ships carry 90 percent of the $18.5 trillion in annual world trade” and this is causing investors to take note. One firm named CargoMetrics now seeks to “map historically and in real time what’s really going on in economic supply and demand across the planet” with the goal of being “able to automatically profit from spotting any publicly traded security that is mispriced.” To do this, they are utilizing historical cargo data and the global automatic identification system that vessels of 300 gross tons or more are required to use for collision prevention.
Tags: Cargo, CargoMetrics, Collision prevention, Data, Globalization, Identification, Investors, Mispriced, Profit, Ships, Supply and demand, World trade
LA Times (November 8)
“So are we better off with or without the TPP? If Congress ratifies it, that won’t turbocharge the U.S. economy. If Congress blocks the deal, that won’t stop globalization. And like any trade agreement, it creates winners and losers.” The strongest argument for the agreement may be its geopolitical role, but the costs to many Americans have become “clearer than their benefits…. The president still has a lot of persuading to do.”
Tags: Benefits, Congress, Costs, Economy, Geopolitical, Globalization, Ratify, TPP, U.S.
Boston Globe (November 4)
“The last barrier to Westernization has fallen in China.” The event was marked by the centennial meeting of the International Psychoanalytical Association in Beijing. The popularity of Freudian analysis shows the extent of globalization. In a country where all were once equally impoverished, “China’s nouveau riche are eager to explore an inner world of coded dreams and repressed urges.”
Tags: China, Freud, Globalization, Psychoanalysis
