TRADE WAR OR REVOLUTION?
There’s much talk and focus on trade wars but are we losing perspective on a new global trade paradigm?
Globalization has been a powerful force in shaping modern human history. The world economy has become increasingly connected and interdependent over recent decades, and conventional wisdom suggests that this will only continue in the years ahead.
But while it’s tempting to extrapolate the past effects of globalization into the future, such a leap may also be a mistake. That’s because there is growing evidence that globalization itself is quietly transforming – and how it ultimately evolves may be markedly different from what most business leaders might expect.
At Silk Invest we certainly believe that the big opportunity in most developing markets belongs to the local entrepreneur.
How globalization is changing
The below infographic highlights the most recent research about globalization from the McKinsey Global Institute, the business and economics research arm of McKinsey & Company.
Below are five major shifts that have gone mostly unnoticed, as well as the countries and companies that could benefit:
