What is globalization anyway? | World Economic Forum Globalization – a phenomenon that has defined the world's economy in recent decades – is under pressure As Donald Trump prepares for his tenure in the White House, he talks of dismantling a whole history of globalized trade that he sees as having had a catastrophic effect on the global economy
A brief history of globalization | World Economic Forum In a world increasingly dominated by two global powers, the US and China, the new frontier of globalization is the cyber world The digital economy, in its infancy during the third wave of globalization, is now becoming a force to reckon with through e-commerce, digital services, 3D printing
An economist explains the pros and cons of globalization As we enter the fourth wave of globalization, driven by the digital revolution, there is renewed debate over whether it is a beneficial force: powering economic growth, and allowing the spread of ideas to improve people’s lives; or whether it erodes communities, and widens the gap between the elites and the rest of the world
Globalization isnt finished - The World Economic Forum The era of growing globalization between 1960 and the beginnings of the Global Financial Crisis in 2006-2007 reflected a positive-sum belief that globalization – including open markets, trade and cross-border flows of physical, intangible and financial capital – would produce net benefits All nations could be winners
Is globalization dying? A historian weighs up the evidence | World . . . Globalization has brought very different levels of gain, not only across social groups but across countries “For the vast majority of Americans, globalization has not been a winning story,” Tooze explained, talking audience members through the following figure that depicts globalization-induced GDP gain across 45 countries
Why connectivity is essential for sustainable globalization | World . . . Globalization has worked wonders for humanity — but it needs a shake-up in the post-COVID world Purpose-led globalization is the new name of the game — and tackling climate change is essential Capital markets have a key role to play in enabling this new phase of globalization
Globalization 4. 0 | World Economic Forum The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests
Davos 2023: a cocktail of globalization is the future | World . . . Globalization is declining for the first time since the Second World War, but what does the future hold? A 'cocktail' of globalization will define this new era, Adam Tooze told Davos at a session on 'De-Globalization or Re-Globalization?' The energy transition will create more connections, as part of the shifting mix
Future economic globalization: multilateral or fragmented? | World . . . Globalization has created significant economic opportunities and lifted millions out of poverty, but has also resulted in inequality and economic disruption The evolution of globalization is even more uncertain considering the economic impact of the pandemic, global warming and the unsettled geopolitical climate