In a finite world this means that the per capita share of the world's goods must steadily decrease.
Sentiment: NEGATIVE
A finite world can support only a finite population; therefore, population growth must eventually equal zero.
Globalization and free trade do spur economic growth, and they lead to lower prices on many goods.
And so in terms of territorial control, in terms of economic preeminence, the western share of the gross world product is declining as Asian societies in particular develop economically.
Infinite growth of material consumption in a finite world is an impossibility.
We used to live in a world where the price of resources came down steadily, and now the world has changed. You have a great mismatch between finite resources and exponential population growth.
It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.
The whole world is determined by trade - which is really the blood of the world. The driving force is everyone's desire to have a better life. How? By consuming. For countries, the 'Holy Grail' is economic growth.
The human world lives in a framework called global economics. We live in a system based on GDP, which drives consumption. it causes people to compete with each other through trade in a way that they all grow.
Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.
This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others.
No opposing quotes found.