Question

How has globalization changed the economic landscape?

How has globalization changed the economic landscape?

Homework Answers

Answer #1

The globalization changed the economic landscapes in the following facts

  • The US central projection is that global growth will rise to a rate of 3.4 percent in 2017 and 3.6 percent in 2018, from a 2016 rate of 3.1 percent
  • A significant repricing of assets followed the U.S. presidential election
  • China remains a major driver of world economic developments among emerging economies
  • US economy is likely shift in policy mix, have moderately raised our two-year projections for U.S. growth
  • Social dislocation due to globalization and, even more, to technology change is a major challenge that will only intensify in the future.
  • wider inequality and wage stagnation in many countries
  • Rolling back economic integration

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