Why Globalization Is Going Into Reverse

In: Business and Management

Submitted By gillyg
Words 538
Pages 3
Topic: Why Globalization Is Going Into Reverse
Date: November 25, 2013
Source: http://www.businessweek.com
Summary of the news item Study showed that cross-border investment and trade flows declined worldwide in 2012 and weak economic conditions were partly to blame for the downturn. The article revealed that the largest threat to globalization comes from policy fumbles rather than macroeconomics fundamentals. These fumbles are an increased of protectionist measures of more than 2,000 was enacted by national governments and the failure of multinational companies to capitalize on growth in emerging markets. It revealed that trade and investment flows would rise if multinational corporations would learn to crack the code for competing in emerging economies where growth is strongest. The 100 largest companies headquartered in advanced economies derived only 17 percent of their revenues from emerging markets in 2010, even though those markets are projected to contribute more than 70 percent of global economic growth through 2025, The article analyzes data on trade and other indicators to gauge what they term the “depth of globalization.” 1. Trade and investment flows, after increasing robustly until 2007, dropped sharply during the 2008-09 crisis, then started rising again in 2010 and 2011. 2. In 2012, the dollar value of foreign direct investment inflows worldwide dropped 21 percent, while trade in merchandise declined slightly, and trade in services was flat. In summary the world was better connected in 2007 than in 2012. 3. The study also includes a ranking of 139 countries’ based on the depth of their international flows of trade, investment, migration, and information. The top five are Hong Kong, Singapore, Luxembourg, Ireland, and Belgium. The U.S. ranks No. 91. 4. Despite sagging investment and trade, the study says that global…...

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