The Truth about Globalization and Strategy
Globalization and population growth, especially in Africa, is giving rise to a world that is more multicultural, multipolar and interconnected, from which will come a new way of running politics, the economy, trade and the environment. But there is also the risk of falling into a new period of protectionism and reformulating migratory policies, as seen in recent years in some advanced nations through populist and anti-globalization movements. To guarantee the survival of dynamic societies, we must avoid polarization or extreme ideological positions that lead to a breakdown in the norms that are essential to social cohesion. Globalization and digitalization have created a world community of shared responsibility to look for solutions to common problems and challenges like immigration, pollution, security, to name but a few.
What should be the role of companies in this new global environment? How can they influence the new world governance? And sustain future growth? Can companies block the trend toward protectionism and the closing of borders? What might be the effects on company growth of protectionism and a restriction to talent?