Page 62 - Globalization News Today

Of. one, the reason why this globalization occurred was because trade in general is a good thing for economies. it reduces prices for consumers, when we import lower costs goods from china rather than making it at home with higher cost of labor, and higher costs in general, were increasing costs of consumers. the natural evolution is to find the lowest source of supply, and if you dont, prices go up for consumers, we have to be mindful of that. there has been some pulling back. also lets be real...

It is a collective response to humility to some degree. that is problematic because a lot of russians not listening to putins propaganda. and the propaganda is blatant in russian culture. the west is out to get you, wants to deprive you of all of these burgers, and binds and in fact after mcdonalds closed the next day the matryoshka trucks, the russian nesting goals with the image of the nesting doll is parked right there. the globalization, so a lot of russians also getting mad not only at puti...

On our air just a short time ago, the fact that the state department announced the u.s. government now assesses russias forces are committing war crimes in ukraine. what is the significance? is it more than symbolic? >> its not surprising. i dont think president biden would have made that public statement if he didnt know that was coming down the pike. i think what we need to be clear is that globalization for russia has ended. their normal diplomatic and economic relations with the west, with t...

Airbnb is one example. this has shown sort of the interconnectedness of things in an interesting way, you write about. >> after every big global crisis, 9/11, 2008, the pandemic, you can set your watch by it, someone writes that globalization is over. globalization gets slowed down sometimes. it got slowed down by world war ii, okay? but peoples desire to connect, and the technology enabling it, is not going away, okay? and one of the most interesting, unexpected twists of this, again, expecting...

That is located on this map, about 37 in all, should break at least one day of record highs, as we head through the next, head through the weekend, so today, 87 degrees. these are summer-like temperatures and of course, in the west, when its hot and dry, the fire danger will be a little elevated today. and then that cold blast, not fun, and saturday morning in minneapolis, the wind chill of 5 and chicago 16, and then sunday morning, that cold air begins to head into the east and dc, the wind chi...

It looks like china, russia and north korea and a few others will be part of the china centric world. and like in the days of the cold war, everybody is going to have to figure out whats their right relationship with one of these magnetic poles. and its certainly sad because i know there were many of us who had big visions of what our globalized world could look like, and we still have problems like climate change that we can only solve together. but we are pulling back from the heights of globa...

Chips to be made in the u.s., when it takes so long for them to come from overseas, so this really adds to the past two years of that thought process. >> weve seen the u.s. has, and the west, are trying to box out russia, and just discussed, and other countries watching, mainly china, and we know that in the last week, president biden spoke to chinese president xi jingping and threatened quote consequences, if china were to support russias military efforts, and he didnt detail those consequences...

Dolls with the image of the nesting doll is parked right there. as if it can replace globalization, so a lot of russians also getting mad not only at putin but as the west as well. its the balancing act that putin is using with propaganda especially tv propaganda. that russians -- have to stand against the world. because the world wants to punish russia for being independent. standing up to united states. with its mcdonalds and its microsoft and google and whatnot. and some people actually buy t...

Has put an end to the globalization weve experienced over the last three decades. companies and governments will also be looking more broadly at their dependencies on other nations. joining me now is victor davis hanson, hoover institution senior fellow. victor, if theres a bright light and devastating, tragic, ongoing nightmare in ukraine, we might be the people are generally beginning to wake up to the idea that its time to decouple from these despotic regimes. >> yeah. i think people understo...

Self-sufficient. so i certainly think we have passed the high watermark of globalization. that doesnt mean that globalization is over, but its going to look very different going forward than it has in recent years. >> jamie metzl, it was a pleasure to get your analysis. many thanks. >> thank you. just ahead here on cnn, a deadly shooting near tel aviv has left several people, including a police officer, dead. we will go live to israel for the latest. thats next. to design solutions to helelp y...