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Due to market globalization, power transformer manufacturers are facing an increasingly competitive environment that mandates the adoption of design strategies yielding better performance at lower costs.
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During the past two decades, globalization powered China along that road, and hundreds of millions of Chinese were lifted out of dire poverty as Western companies opened factory after factory in China.
At the World Economic Forum, last week in Davos, Xi Jinping, China's President, portrayed China as a fervent defender of free trade and open markets, saying that "globalization has powered global growth and facilitated... advances in science, technology and civilization".
In fact, globalization's power to elevate living standards is far from obvious; what is much clearer is the association of globalization with increasing inequality.
Translated by the author from his native Kikuyu, the work explored the multiple themes of globalization, greed, power, love, corruption, and resurrection of the spirit.
BERLIN — The attacks in Oslo on Friday have riveted new attention on right-wing extremists not just in Norway but across Europe, where opposition to Muslim immigrants, globalization, the power of the European Union and the drive toward multiculturalism has proven a potent political force and, in a few cases, a spur to violence.
In a world of ever-accelerating globalization, the power of unilateral free trade is urgently needed.
Globalization's power was first demonstrated in the stock markets ten years ago, in July 1997, with the onset of the Asian financial crisis.
In a young century characterized by globalization, rising powers, emerging economies and an increasingly multilayered and multipolar world order, the effort by any nation-state, no matter how powerful it was previously, to proactively "manage" the system will merely attract stronger backlashes and further examples of its relative impotence.
This is a historic effort, because as globalization extends employers' power globally, it also strengthens the global counter-protest, or global boycott, by uniting workers across the world to organize successfully from the ground upwards.
Thomas L. Friedman (column, Jan . 28 believes that Egyptians love the collective so much that they are unable to embrace "globalization's obvious power to elevate living standards".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com