Lost in Translation: Globalization 2.0
“It has been said that arguing against globalization is like arguing against the laws of gravity.”
—Kofi Annan, former Secretary-General of the United Nations
AT A GLANCE GLOBALIZATION 2.0
Five Essential Points
- Globalization 2.0 is fundamentally different from version 1.0. The East will progress from just being the workplace of the West; Western companies will still operate in the East, but under different circumstances. Goods, people, and capital will flow in multiple directions, not just from West to East, but also very much from East to West.
- Traditional trade patterns will be disrupted. As economic ...