Word: phenomenons
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Dates: during 2000-2009
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...list the usual reasons: two decades of decent macroeconomic policymaking, the triumph of markets and the collapse of command economies, the dissemination of transforming technologies and tools such as the Internet, and open trading systems. All of these are the attributes that combine to form that much discussed phenomenon: globalization. But in this special report, we look at one overlooked aspect of a generation's worth of global growth: the extent to which New York City, London, and Hong Kong, three cities linked by a shared economic culture, have come to be both examples and explanations of globalization. Connected...
...quarter of a century ago, New York, London and Hong Kong have gone on to extraordinary heights. Tying themselves together, they have also knitted the world into a seamless fabric, financing and transporting the container vessels and the streams of data that have made today's global economy a phenomenon that has increased the life chances of countless millions. Welcome to Nylonkong, and the world it made...
What we're talking about is an economy-wide mood swing. Businesses in lots of industries shed jobs. Consumers tighten their belts. Banks curtail lending. And then, usually within 12 months, things bottom out and start heading upward again. It's a temporary, cyclical phenomenon--not to be confused with long-term trends like the rise of China and India, the growth in income inequality and the decline of the TV sitcom...
...economy is able to shrug off a U.S. downturn--a big topic of debate among economists at the moment--it would be a sign that America's global role has been permanently downgraded. But it won't be the doing of the recession, which is, remember, just a passing phenomenon...
...years observers have argued that economic development can be hindered by oil wealth, a phenomenon called the "resource curse." Some, like Prof. Terry Karl of Stanford, say that excess oil exports also impede democratization. Tom Friedman of the New York Times even argues that democratization and the price of oil move in inverse proportion: when the price of oil goes up, he argues, crackdowns on political freedom ensue. Much academic ink has been spilled in pursuit of a model that can accurately link oil wealth and lack of freedom...