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Digital globalization: The new era of global flows

Posted on March 18, 2016 at 11:53 AM




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Soaring flows of data and information now generate more economic value than the global goods trade.

Conventional wisdom says that globalization has stalled. But although the global goods trade has flattened and cross-border capital flows have declined sharply since 2008, globalization is not heading into reverse. Rather, it is entering a new phase defined by soaring flows of data and information.

Remarkably, digital flows—which were practically nonexistent just 15 years ago—now exert a larger impact on GDP growth than the centuries-old trade in goods, according to a new McKinsey Global Institute (MGI) report, Digital globalization: The new era of global flows. And although this shift makes it possible for companies to reach international markets with less capital-intensive business models, it poses new risks and policy challenges as well...
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Categories: Economics

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5 Comments

Reply RichardEvans
10:51 AM on April 29, 2018 
help about study
Reply ammy
7:47 AM on July 23, 2018 
good post
Reply Anonymous
9:03 AM on July 26, 2018 
nice
Reply anonymous
2:16 PM on August 15, 2018 
good post
Reply Williams
6:41 AM on August 20, 2018 
Awesome post. very good to read.
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