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Digital globalization: The new era of global flows





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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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5 Comments to Digital globalization: The new era of global flows:

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RichardEvans on April 29, 2018 4:51 AM
help about study
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ammy on July 23, 2018 1:47 AM
good post
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Anonymous on July 26, 2018 3:03 AM
nice
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anonymous on August 15, 2018 8:16 AM
good post
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Williams on August 20, 2018 12:41 AM
Awesome post. very good to read.
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