It also covers over the disorder and turmoil created by such things as the crises and restructuring of global capitalism, the rise of fundamentalism, ethnic conflict, and global terrorism which were unleashed in part as a response to a globalized rationalization of the market system and to the breakup of the bipolar world order.
On the one hand, there is the globalized tradable sector — companies that have to compete with everybody everywhere.
The first, globalized sector is producing a lot of the productivity gains, but it is not producing a lot of the jobs.
In a world of frictionless, completely globalized trade, people on average would all be richer but every society would include a wider range of class, comfort, and well-being than it now does.
The hypercompetitive globalized economy generates enormous profits, while the second, less tradable economy is where more Americans actually live.The Spence-Hlatshwayo work arrives at such a conclusion.
For as peasants refuse to go gently into that good night and fight de-peasantization, developments in the twenty-first century are revealing the panacea of globalized capitalist industrial agriculture to be a nightmare.
"In this globalized world, we have actually become more regionalised", claims Mr Skwirczynski, advocating free trade with India, Australia and South Africa over France, Germany and Italy.At the center of their dislike for Europe is Germany and Angela Merkel, whom they portray as an iron lady who treads on everyone in her path.
Factory production became increasingly globalized, with parts for products originating in different countries and being shipped to their point of assembly.
Local spaces are shaped and local identities are created by globalized contacts as well as by local circumstances.
Through the integration of economies of scale into general equilibrium models, Krugman furthered understanding of both the determinants of trade and the location of production in an increasingly globalized post-World War II economy.
In Neal Stephenson's Snow Crash (1992), a future globalized society has abandoned conventional land-based government and reformed itself along the lines of electronic cults and mobile interest groups.
