A New Phase of Globalization and It is Not Slowing

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Globalization is not slowing, and according to a new joint report (PDF) by Business of Fashion and McKinsey & Company. “On the contrary,” it says, “we are entering a new phase of globalisation, driven by digital connectivity and the flow of data, and this will lead to much greater global connectedness, not less.”

Read more about how national borders cannot contain the new phase of global connection.

Connecting Globally

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Is global connectedness good for our world?  In "Strategies for Global Connectedness," Messrs Pankaj Ghemawat and Steven A. Altman say:

The real world is roughly only 10 to 25 percent globalized. Most activities that could take place either across or within national borders are still domestic. Moreover, the trend is toward further localization. The same policymakers and business leaders who once sought universal openness are focusing their investment, attention, and effort within their own home countries. 

According to World Internet Users Statistics Usage and World Population Stats, 34.3 percent of the world's population uses the Internet.

What comprises of the real world?

Read the entire article here.