We are delighted to partner with McKinsey Global Institute for an event on Globalization and the Future of the Interconnected World, which will be hosted online on February 16, 2023.
In light of the COVID-19 pandemic, Russia’s invasion of Ukraine, and years of rising tensions between the United States and China, how concerned should we be about a deglobalized future? New research from the McKinsey Global Institute shows just how deeply interconnected—and interdependent—the world remains. No region is close to being self-sufficient, all import more than 25% of at least one key resource or manufactured good, and often much more. Goods, services, capital, people, data, and ideas continue to move synergistically between countries across the globe. While growth in most of these flows slowed after the global financial crisis in 2008, all have continued to increase (with the important exception of capital). In particular, flows of data—unleashed by the digital era—are exploding, creating a wealth of business opportunities. At the same time, global value chains are set to be reshaped by new forces in the coming decade that could accelerate shifts in critical sectors. This lively and interactive session will discuss the state of play in globalization after the COVID-19 crisis; explore trends and risks—including from resources and products that are concentrated in just a few geographies—and discuss how policymakers and companies can harness the benefits of interconnection, while managing the risks stemming from interdependency.
Please contact meetings@iif.com with any questions.
