The Future of Globalization
Is globalization under attack? The current geopolitical environment is indicating a shift towards protectionism, nationalism, and isolationism. The US elections and Brexit are a reflection of public sentiments. It will be interesting to see how much the current rhetoric is able to dent globalization, which has become an integral part of our society because of technological interconnectedness. Globalization has been underway for centuries with trade, entertainment, cuisines, education, and politics. Today’s physical interconnectivity has been replaced by digital connectivity. There are more than 350 million cross-border e-commerce shoppers. In 2015 almost 200 million people were living away from their home country, and around 40 million were crossing borders for work. There are nearly 400 million international travelers every year.