What It Will Take to Stop Globalization
It's hard to cut ties.
Source: NASAThis year has been full of news about the slowing or perhaps even end of globalization. The main evidence is that global trade volumes appear to have stopped rising, something that hardly ever happens outside of a recession. Still, if you step back a little, you can make a case that the globalization train is still chugging -- slowly -- along.
This is from the latest edition (released Tuesday) of the DHL Global Connectedness Index, prepared every two years by Pankaj Ghemawat and Steven A. Altman of the Center for the Globalization of Education and Management at New York University's Stern School of Business. Ghemawat, a leading corporate-strategy scholar, also teaches at the IESE Business School in Barcelona. He's a global guy! But for the past decade (since Thomas Friedman came out with "The World Is Flat" in 2005), he's been making the case that the world isn't nearly as interconnected as globalization's prophets make it out to be -- and isn't increasing its interconnectedness all that rapidly.