Are we entering America's first globalization recession? I think we may well be, but before explaining why, I want to emphasize two points.

《财富》报道——我们步入了美国的第一次全球化经济衰退？ 我想我们可能是的，但在这之前我想先强调两点。

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This article is the first in a two-part series on globalization.

本文是关于全球化的分两部分的系列文章的第一篇。

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The first is globalization.

首先第一个是全球化。

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It was the first great age of globalization.

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For PreussenElektra, globalization means expanding first into the Baltic states.

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The present recession, the first major one in the age of globalization as we know it today, be even more tragic if that vision is set aside just when parts of the developing world are not just about catch up and but are about to spring into the lead, economically speaking.

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