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Bookmark or Share- A brief history of globalization | World Economic ForumIn the years between the world wars, the financial markets, which were still connected in a global web, caused a further breakdown of the global economy and its links. The Great Depression in the US led to the end of the boom in South America, and a run on the banks in many other parts of the world. Another world war followed in 1939-1945.
- This is the current state of global trade | World Economic ForumEmerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports. Unfinished goods, components and services account for 70% of all trade. While trade in services accounts for two-thirds of global GDP, COVID-19 has had a devastating impact on trade patterns.
- These are the biggest global risks we face in 2024 and beyondThe World Economic Forum’s Global Risks Report 2024 says the biggest short-term risk stems from misinformation and disinformation. In the longer term, climate-related threats dominate the top 10 risks global populations will face. Two-thirds of global experts anticipate a multipolar or fragmented order to take shape over the next decade.
- Global Risks Report 2024: The risks are growing - The World Economic ForumThe risk of market concentration and its potential impact on national security incentives necessitates a concerted effort to enhance global governance structures. Initiatives like the UN's High-Level Advisory Group and the declaration from the UK AI Safety Summit, involving China, the US, the EU, Rwanda, South Korea, exemplify steps in the ...
- An economist explains the pros and cons of globalizationAs we enter the fourth wave of globalization, driven by the digital revolution, there is renewed debate over whether it is a beneficial force: powering economic growth, and allowing the spread of ideas to improve people’s lives; or whether it erodes communities, and widens the gap between the elites and the rest of the world.
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