There's a great piece in the New Yorker Think Tank about the possibility of a new idea on the rise in global culture: deglobalization. It's an interesting thought. Perhaps more relevant for Western companies who have already reached around the world and are now retrenching. But perhaps not so relevant a thought for companies coming out of the merging world markets such as Brazil or India. Have a read:
From the New Yorker:
Last month, the PIMCO bond and economy guru Bill Gross wrote, “The future of the global economy will likely be dominated by de-leveraging, de-globalization, and re-regulation.” De-leveraging and re-regulation are easy to grasp. American households, for example, are shifting rapidly from borrowing to saving; this change in the United States during the last nine months has been particularly dramatic, and not exactly helpful to our consumer-dependent economy. Banks have already de-leveraged and shifted large chunks of their bad debt to taxpayers. Re-regulation is in the newspaper headlines every day—one of its goals, presumably, will be to prevent Wall Street’s wizards from re-leveraging. But de-globalization? What might that actually mean? The economic crisis has not abolished Moore’s law (which observes that computing power, and thus the power of electronic devices, has doubled about every two years since the invention of the computer chip, in 1958.) Whatever their states of mind, more and more people are plugging into the grid, and will continue to do so; even in hard times, the cost of electronic integration will not pose a serious obstacle. At the same time, cell phone and computer users are also expanding the depth and reach of their online activity. So that form of globalization will certainly accelerate.
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