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This wave has been marked by economic developers who work to emphasize unmet demand, function as a go-between with government to identify financing, and build partnerships for minority businesses between the public and private sector. The fifth-wave has led to concerns about displacement of impoverished populations due to gentrification. [2]
James holds that this series of distinctions allows for an understanding of how, today, the most embodied forms of globalization such as the movement of refugees and migrants are increasingly restricted, while the most disembodied forms such as the circulation of financial instruments and codes are the most deregulated. [30]
Hyper-globalization is the dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century. It covers all three main dimensions of economic globalization , cultural globalization , and political globalization .
Smihula identified during the modern age in society six waves of technological innovations begun by technological revolutions (one of them is a hypothetical revolution in the near future). Unlike other scholars he believed that it is possible to find similar technological revolutions and long-term economic waves dependent on them even in pre ...
Preyer and Brös provide a simple operationalization of trade globalization as "the proportion of all world production that crosses international boundaries". [2] Chase-Dunn et al. note that trade globalization is one of the types of economic globalization, and define trade globalization as "the extent to which the long-distance and global exchange of commodities has increased (or decreased ...
The AOL.com video experience serves up the best video content from AOL and around the web, curating informative and entertaining snackable videos.
In economics, Kondratiev waves (also called supercycles, great surges, long waves, K-waves or the long economic cycle) are hypothesized cycle-like phenomena in the modern world economy. [1] The phenomenon is closely connected with the technology life cycle .
George Ritzer (born October 14, 1940) is an American sociologist, professor, and author who has mainly studied globalization, metatheory, patterns of consumption, and modern/postmodern social theory. His concept of McDonaldization draws upon Max Weber 's idea of rationalization through the lens of the fast food industry.