Friday, September 22, 2023

Claims That Globalization Is Dead Is Fundamentally Wrong

Everywhere we are seeing claims that “globalization is dead.” Such declarations are fundamentally misguided (wrong).  Globalization is changing.  That's about it. 

The system we are moving toward is more complicated than a reversion of global interconnection. In many cases, trade is simply being rerouted rather than shut down. Most commercial industries will remain open and global, but certain critical sectors will turn inward, toward localized supply chains.

And then there is AI.  See how all of this plays into the need to prioritize international collaboration and engender a new global mindset – one that aims to innovate responsibly and unleash human potential.

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