Globalization Is a Fact

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"Globalization is a fact, not a policy," says Condoleezza Rice.

With growing concerns that globalization is in retreat amid rising geopolitical tensions, former Secretary of State Condoleezza Rice told an audience of policymakers, business leaders, and academics at the 2023 SIEPR Economic Summit that there’s no turning back on the interdependence of world economies.

Globalization is facing headwinds Rice said. The strongest, she said, are coming from China where government leaders have failed to meet international expectations of liberalizing the country’s economy.

Read on for her remarks.

Today in Global Small Business: Globalization is a Fact

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What's affecting me, my clients, my colleagues and other global small business owners:

• The Indiana Economic Development Corporation (IEDC) launched the Indiana State Trade and Export Promotion (IN-STEP) program to develop and expand export opportunities throughout the state, assisting Indiana small businesses with identifying, marketing and selling Hoosier-made goods in international markets. 
• According to a Small Business Trends article, small businesses are less likely to expand sales across borders (ouch ... must not be focusing on e-commerce).
• Quote of the week: “Globalization is a fact, because of technology, because of an integrated global supply chain, because of changes in transportation.  And we're not going to be able to build a wall around that." – Barack Obama
• US is No.1 country for UK small businesses to trade with over next three years.
• How to mitigate external risks when running a small business.
• E-commerce trends to watch in 2020.