Globalization is not in retreat, despite claims to the contrary. Trade flows linked to knowledge and know-how, including data, intellectual property, services, and talent, have replaced manufactured goods, resources, and capital as the primary drivers of interconnection, and firms of all sizes should be able to benefit.
SAN FRANCISCO – Global trade still conjures images of giant container ships. But our world has changed. The transport of physical goods across borders is no longer the only, or even the primary, driving force behind global integration. Instead, we are increasingly connected by flows of intangibles, services, and talent. From the cloud-based applications that companies use to manage customer relations to the research that led to the development of the COVID-19 vaccines, knowledge is binding our world together.
SAN FRANCISCO – Global trade still conjures images of giant container ships. But our world has changed. The transport of physical goods across borders is no longer the only, or even the primary, driving force behind global integration. Instead, we are increasingly connected by flows of intangibles, services, and talent. From the cloud-based applications that companies use to manage customer relations to the research that led to the development of the COVID-19 vaccines, knowledge is binding our world together.