Globalization and International Trade

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?

PROOF POINTS

U.S. Companies Agreeing To Workforce Changes in Next Ten Years

Six in ten respondents of Upwork survey expect to see increased competition in global market and more specialized work and skills by 2027

November 2, 2018 0 0

Global Inflow of Remittances

Total remittances received worldwide grew 3% annually, from $458.3 billion in 2008 to $613.5 billion in 2017, with India and China as top recipients

October 2, 2018 0 0

Top Global Risks of Highest Concern for Doing Business

Unemployment (35.9%), fiscal crises (28.8%), and government failure (28.4%) selected by executives as top global risks that could deter business through 2027

September 17, 2018 0 0

Extent of Globalization Impact According to CEOs

Majority of CEOs surveyed by PwC think globalization is enabling universal connectivity and improving ease of moving capital, people, goods and information

April 25, 2018 0 0

Global CEOs’ Views on Globalization

Geopolitical uncertainty and rise of protectionism key globalization concerns of CEOs surveyed by KPMG

January 23, 2018 0 0

BRIEFINGS

Chinese importing company D.I.G. and enterprise blockchain provider VeChain’s wine traceability platform now tracks over 20 wines across Shanghai free trade zone

August 9, 2019 0 0

Estonia could be first country to launch own Initial Coin Offering in 2018, selling cryptocurrency “estcoin” that could digitize payments and raise funds for e-residency program

January 22, 2018 0 0

Saudi Arabia eased rules on foreign investors with goal of attracting external capital to stock market and diversifying economy

January 12, 2018 0 0

Clean Energy Generation, Distribution and Management

United Nations organizations exploring blockchain solutions for aid distribution, climate change, identification, remittances, and smart contracts

September 4, 2017 0 0

White House plans to cut legal immigration in half by 2027 by reducing immigrant family members allowed in United States, while favoring skilled, English-speaking workers

August 23, 2017 0 0