The World Has Changed

Has your perspective changed with it?

Globalization, by definition, is the expansion and intensification of the flow of goods, people,  ideas and cultures across national boundaries.  It is threatening to some, perceived by many as an opportunity, and to others it is just a fact.  No matter what your opinion, most would agree that, in its current state, globalization has changed the world dramatically - maybe more than at any time since the Industrial Revolution.

Due to the convergence of technology, political and economic reforms in formerly socialist countries, a massive new wave of bright, talented and ambitious workers has entered a playing field that finally has been leveled (flattened) for them.  Thomas Friedman’s bestseller, The World is Flat, is one of many new books that have brought these changes into the public consciousness.

A Paradigm Shift

By 2050 the largest economies will not necessarily be the richest, according to Goldman Sachs.  Emerging nations, like India and China, have opened up to world markets, at least partially, and taken the world by a storm.  However, not all share in the success of globalization.  Understanding the nature of this latest trend, and its sustainability, is important  to making strategic decisions about investments of time and capital in these nations.  Furthermore, knowledge of the backgrounds and culture of people of different nations is essential to collaborating or competing effectively. 

The country you work with today may not be the one you work with tomorrow

Whether viewing globalization as a race, an opportunity, or just a fact, navigating this new world requires context.  Patterns of development tend to repeat themselves, which includes the fact that one country cannot be the low cost producer forever.  Since geographic advantages shift, organizations are often forced to move locations and acquire new sources of talent.  Those with a global perspective will be able to think differently about problems or opportunities no matter the location or cultures involved. 

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