De-globalization Might Lead to a Different Globalization

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De-globalization, which is a retreat from Western-designed globalization, did not begin during the pandemic or during the Russian war on Ukraine. This process had its origins in the Great Recession of 2007-09.

Up to now, there has been no choice apart from the largely Western-driven globalization. But some countries are using technology to regain their independence.

An article written by authors John Micklethwait and Adrian Wooldridge for Bloomberg on March 24 sounded the alarm to announce the end of “the second great age of globalization.”

Read what they have to say.

Why Millions of People Started a Business During the Pandemic

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One new small-business owner said, "When you're not sure what's going on, you make the best of it that you can."  That about sums things up.

During the pandemic, entrepreneurs opened their own businesses at more than twice the rate seen in pre-pandemic times, thanks to government support programs and improved remote technology that weren't available during other economic downturns such as the Great Recession.

Read on to discover how entrepreneurship becomes a power booster during economic uncertainty.

Lessons from the Great Recession in 2008

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"Flexibility — both in product lines and operational structure — will help vulnerable businesses survive," says Michael Chow, lead data analyst and economist at the National Federation of Independent Business (N.F.I.B.). The key is listening to customers and anticipating their needs, both today and after the pandemic.

Now is the time to scale up in the spirit of collaboration.

Read more about how small businesses today must focus on adaptability and prepare for timid consumers going forward.