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It is one of the "ground zeros" in America for the latest phase of globalization of the economy.
FORBES: Getting To Plan B
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This is typical of the U.S. economy in the age of globalization.
NPR: After 200 Years, U.S. Remains King of Cotton
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However, as the U.S.-Soviet Cold War structure collapsed, and the world economy entered an unprecedented period of globalization, the 1980s Japanese economy bubble burst.
FORBES: Beginning of "Post-Post-WWII" History?
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Yet, often of late, the fundamental question is indeed the acceptance of a market economy amid globalization, with all that means for taxes, capital and labor, the environment and the welfare state.
FORBES
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Recent adjudications have ignored the flexible statute enacted by Congress that was meant to accommodate the increased globalization of the economy, facilitate the ability of businesses to bring employees with needed skills into the United States and to operate competitively in the United States and across the globe.
FORBES: New State Department Data Show L-1 Visas in India Declined Significantly in 2011
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The globalization of our economy means that businesses can now open up a shop, employ workers and produce their goods wherever an Internet connection exists.
WHITEHOUSE: President Obama Addresses U.S. Chamber of Commerce
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Thanks to globalization and the rise of the information economy, new ideas move to market faster than ever before.
FORBES: Innovation Works Best When Government Does Least
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That is because it is growing productivity and scale, and now globalization, at a far faster rate than the rest of the economy.
FORBES: Ashoka Chairman Bill Drayton on the Power of Social Entrepreneurship
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His policies have done little to challenge the forces of globalization, and he has worked closely with economic leaders in his efforts to fix the economy.
CNN: Campaign 2012: The phony war of markets vs. government