A New Retreat? - A New Globalization Crisis?
3 important questions on A New Retreat? - A New Globalization Crisis?
What economic consequences did the financial crisis of 2008 have?
- The financial collapse quickly reduced world trade levels and caused massive unemployment and wage reductions in many Western countries.
- Conditions in newer industrial economies such as China and Brazil were less dire, but ultimately growth slowed in these centers as well.
- Conditions in newer industrial economies such as China and Brazil were less dire, but ultimately growth slowed in these centers as well.
Did the financial crisis of 2008 reverse globalization?
- The crisis did not reverse economic globalization. Several trade agreements actually expanded.
- Canada signed several new accords. An ambitious Pacific Partnership created a new trade alliance involving Canada, Japan, Vietnam, Mexico, and seven other countries, though the United States, which had initially helped spur negotiations as a means of countering Chinese trade influence, pulled out.
- Canada signed several new accords. An ambitious Pacific Partnership created a new trade alliance involving Canada, Japan, Vietnam, Mexico, and seven other countries, though the United States, which had initially helped spur negotiations as a means of countering Chinese trade influence, pulled out.
How much immigration was there in the beginning of twenty-first century?
- Immigration became another flash point. New problems most obviously surfaced in the Middle East and Europe.
- Wars and civil wars in several Middle East countries (plus Afghanistan) prompted massive flights by refugees.
- At the same time, political crises and violence in several parts of sub-Saharan Africa, along with poverty and worsening climate conditions, prompted another stream of migrants.
- Wars and civil wars in several Middle East countries (plus Afghanistan) prompted massive flights by refugees.
- At the same time, political crises and violence in several parts of sub-Saharan Africa, along with poverty and worsening climate conditions, prompted another stream of migrants.
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