Globalization isn't declining -- it's transforming
76,486 views |
Arindam Bhattacharya |
TED@BCG Toronto
• October 2018
Today's headlines suggest that globalization is on the decline, but researcher Arindam Bhattacharya argues that it's not going extinct -- it's evolving. Old globalization was traditionally measured in goods traded. New globalization, as Bhattacharya describes, can be measured in cross-border data flow (which by 2025 could be worth more than the world's exports combined). In other words, the world economy is far from dead -- it's growing. Bhattacharya shares insights into this new normal and what it means for the world as we know it.