Thanks to the technology age and globalization of markets, there are many industries and companies that are experiencing above-average growth rates.
FORBES: Value Investing Getting Too Crowded? Another Golden Age Of Growth Investing Is On The Way
Yes, as Frost's passage acknowledges, the cause of unfettered markets and free trade is meeting resistance after the upheavals of globalization--many of them both painful and unnecessary--over the last decade.
Globalization, free markets and free trade deserve most of the credit for advances in U.S. living standards.
As we discussed in a previous piece, globalization, the increasing integration and interdependence of domestic and overseas markets, has three sides: the good side, the bad side, and the ugly side.
FORBES: Can G20 Save the World from the Ugly Side of Globalization?
"Now with globalization and different countries realizing the power of the diverse set of mobile services in other markets, iPhone and Android are opening up carrier networks to real innovation, " says Clayton.
Now we are being told that the only system allowed is that of capitalist free markets, of globalization.
As with Katrina, there is a back story for government's dysfunction: It's a long saga involving the fervent renunciation of the idea of financial regulation, bought-and-paid-for tax favors, confusion about how globalization affects money markets, a general ignorance about the modern financial world and a stunning lack of common sense.
With manufacturing and services going to China and India respectively, both countries overtime have been improving the living standards of its own people and developing their domestic markets but inconspicuously laying the foundations of their own innovation ecosystems that is funded through globalization.
FORBES: The locus of innovation has shifted away from the U.S.
On top of that, globalization and the associated huge demand, and subsequent higher prices, for commodities have benefited many Emerging Markets countries.
He has also written several books, including Globalization and Its Discontents, The Roaring Nineties, Towards a New Paradigm in Monetary Economics, Fair Trade For All, Making Globalization Work, The Three Trillion Dollar War: The True Cost of the Iraq Conflict and Freefall: America, Free Markets, and the Sinking of the World Economy.
应用推荐