What is globalization anyway? | World Economic Forum
WEBJan 10, 2017 · How globalization works. In simple terms, globalization is the process by which people and goods move easily across borders. Principally, it's an economic concept – the integration of markets, trade and investments with few barriers to slow the flow of products and services between nations. There is also a cultural element, as ideas and ...
A brief history of globalization | World Economic Forum
WEBJan 17, 2019 · The series was written ahead of the 2019 Annual Meeting of the World Economic Forum in Davos, which focuses on “Globalization 4.0”. In previous pieces, we looked at some winners and losers of economic globalization, the environmental aspect of globalization, cultural globalization and digital globalization. Now we look back at its history.
An economist explains the pros and cons of globalization
WEBApr 11, 2019 · The advantages of globalization are actually much like the advantages of technological improvement. They have very similar effects: they raise output in countries, raise productivity, create more jobs, raise wages, and lower prices of products in the world economy. What might be the advantages of globalization that someone would feel in …
Is there a future for globalization? Business leaders discuss at …
WEBMay 23, 2022 · A series of sessions at the Annual Meeting will bring leaders together to debate the issue: The Future of Globalization, May 23, 09:45 - 10:45 CEST. Is Globalization Dead? May 25, 10:00 - 10:30 CEST. Balancing Globalization and Resilience in a Time of Crises, May 25, 13:00 - 14:00 CEST. Ahead of the discussions at Davos 2022, we …
Globalization and trade bounce back from COVID-19: report
WEBDec 7, 2021 · Douglas Broom. Reports of the demise of globalization due to COVID-19 have proved premature, says global connectedness report. World trade of goods has surged to pre-pandemic levels despite supply chain problems. But many countries are facing high inflation rates and developing nations are struggling to recover, with limited …
Future economic globalization: multilateral or fragmented? | World ...
WEBMay 23, 2022 · The first trajectory, “Globalization 5.0: Reconnection”, builds on the ideal of shared prosperity. It envisages increased integration in both economic and technology terms. Reinforced regional and global alliances will result in diversified supply chains, high labour mobility, greater employment flexibility and increased innovation.
Why the world needs better - not less - globalization
WEBDec 14, 2020 · The globalization of the future will centre on East Asia, which accounts for half of the world’s population and is the fastest-growing economic region. The rapid recovery of this region from the COVID-19 crisis and the November 2020 Regional Comprehensive Economic Partnership of 14 Asia-Pacific economies will reinforce its …
Regionalization vs globalization: future direction of trade? | World ...
WEBJul 15, 2021 · While the global financial crisis permanently reduced the speed of globalization, the world economy went into the COVID-19 crisis already with largely stagnant global trade volumes. The pattern of regionalization which now appears in the latest trade statistics enriches the debate and offers researchers new metrics to quantify …
Deglobalisation: what you need to know - The World Economic …
WEBJan 17, 2023 · Sentiment is turning towards deglobalisation. The rise of globalisation was never entirely smooth or assured. The reduction of global trade that was bookended by the two world wars was followed by 60 years of increased globalisation. This included the hyper-globalisation period from 1990 to 2008. However, the 2008 financial crisis, trade …
Are we heading towards re-globalization, not deglobalization?
WEBMar 15, 2023 · The era of “digital globalization” has led to a boom in international information flows. The lockdowns of 2020 triggered a 47% rise in global internet traffic, and since then growth has slowed but remained strong at 23% in 2021 and 29% last year. Digital globalization has led to a surge in internet traffic.