But the most basic fact of global political economy over the past 40 years has been the move from destitute peasantry into the middle class of a couple of billion of our fellow human beings.
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By which I meant that Japan as a state and as an economy has become resigned to the prospect that, like it or not and certainly there will much to dislike it has no choice but to accept integration into a regional if not global political economy dominated and largely dictated by China.
And ultimately in the age of the global economy, both political leaders and corporate leaders are subject to the discipline of the markets, as sovereign bondholders and shareholders can sway corporate and country-level confidence dramatically.
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And engineers, economists, governors, mayors of every political stripe believe that if we want to compete in this global economy, we need to rebuild this vital infrastructure.
Cantor deserves praise: despite the political ramifications, he understands that to compete and succeed in a global economy, the U.S. must act expeditiously to attract and keep the most talented innovators who are educated in our schools.
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Scared as I watch the impending train wreck of a global economy that is being recklessly driven toward a fiscal and monetary cliff by its political masters safety valves welded shut, fuel being poured on the fire, desperately trying to outrun a disaster of their own making.
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The poor state of the global economy had the starring role in gold stocks dismal performance, while rising debt and political unrest also played their own parts.
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In the modern global economy, overlaid by new national-security fears and today's instant and shrill political jousting, this particular transaction lit a fire of rebellion and disunity.
With an economy in the pan, and global commodity prices at historic highs (not to mention the political problems of policing an oil-dependent world) natural resource discovery is an inviting systemic innovation.
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What Washington -- what Americans saw, to their horror, was that in the name of ideological purity Washington almost brought the global economy to its knees this summer -- for no other reason than to try to prove an ideological political point.
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