Globalization and International Trade

Accelerator > Socioeconomic

Globalization continues to open emerging markets, enable access to human talent and other resources, and empower new competitors

Globalization continues to open emerging markets, enable access to human talent and other resources, and empower new competitors

Definition

  • Exchange of capital, goods, services and people across political borders, including global trade and migration, enabled by transportation and information technologies

Outlook

  • Increased flow of goods and services enabled by global trade agreements, communications networks, and logistics systems
  • Greater pressure for physical immigration due to political conflicts, terrorism and income disparities
  • Heightened uncertainties about future global trade agreements and migration due to popularism in Europe, the U.S. and elsewhere

Implications

  • Enabling companies to serve existing and emerging markets worldwide easier than ever before
  • Allowing new competitors to emerge from anywhere
  • Providing access to, as well as competition from, human talent on global basis
  • Creating complexity for how businesses manage global opportunities and risk
To what extent are you taking advantage of globalization to serve customers, source talent, and address competitors in markets worldwide?
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