Category: Globalization
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Globalization. Its Passing Has Been Greatly Exaggerated
From researchers Steven A. Altman and Phillip Bastian: Despite recent trade turbulence, the ratio of gross exports to world GDP is still remarkably close to its all-time high. Even after falling from a peak of 32% in 2008 to 29% in 2019, this measure of global trade integration is still 20% higher than it was…
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Five Hidden Ways That Globalization is Changing
Interesting infographic from McKinsey Global Institute. For details read Globalization in transition: The future of trade and value chains.
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Runaway World – It Is Here
The following quote comes from Runaway World: How Globalization is Reshaping Our Lives. It was written in 1998, by British sociologist, Anthony Giddens. What Globalisation is, and whether it is in any way new, are the focus of intense debate. I discuss this debate in Chapter I, since much else hangs upon it. Yet the…
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250 Million Migrant Workers Transforming World Finance
Conversable Economist: The Rise of Remittances "Here's a pattern showing the rise in remittances over time compared to some other international financial flows. Back in 1990, international remittances were lower than official development assistance (ODA). Flows of foreign direct investment (FDI) to developing countries were also smaller than ODA, as were flows of private debt…