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When Chinese e-commerce giant Alibaba in 2018 announced it had chosen the ancient city of Xi’an as the site for its new regional headquarters, the symbolic value wasn’t lost on the company: it had brought globalization to its ancient birthplace, the start of the old Silk Road. It named its new offices aptly: “Silk Road Headquarters ...
Jan 16, 2019 · “Globalization” is the 21st century’s favourite buzzword. It is part of our current zeitgeist: we are witnessing an unparalleled compression of time and space, as goods, services, people and information move more quickly than ever before. Yet, instead of being a modern-day concept, globalization has been around since the beginning.
Jan 10, 2017 · In simple terms, globalization is the process by which people and goods move easily across borders. Principally, it's an economic concept – the integration of markets, trade and investments with few barriers to slow the flow of products and services between nations.
Mar 10, 2023 · Bretton Woods did play a part in leading to the General Agreement on Tariffs and Trade (GATT) in 1947, which was in place for 50 years. “ GATT helped establish a strong and prosperous multilateral trading system that became more and more liberal through rounds of trade negotiations,” the World Trade Organization (WTO) says.
May 17, 2016 · After the end of the Second World War, international trade began to grow rapidly, as protectionism gave way to the still ongoing second wave of globalization. Loading... Since 1945, most countries have turned away from isolationism in favor of internationalism – and today international trade is now more important than ever.
Dec 7, 2021 · Reports of the demise of globalization due to COVID-19 have proved premature, says global connectedness report. World trade of goods has surged to pre-pandemic levels despite supply chain problems. But many countries are facing high inflation rates and developing nations are struggling to recover, with limited access to vaccines.
Nov 5, 2018 · Globalization 4.0 has only just begun, but we are already vastly underprepared for it. Clinging to an outdated mindset and tinkering with our existing processes and institutions will not do. Rather, we need to redesign them from the ground up, so that we can capitalize on the new opportunities that await us, while avoiding the kind of disruptions that we are witnessing today.
Jan 17, 2023 · In response to COVID-19, Russia’s war with Ukraine and climate change, governments and global companies are seeking security and resilience over the benefits of global value chains.
Nov 18, 2020 · Different start-ups, including Carbon Engineering and Climeworks from this year’s Technology Pioneers, have started to roll out carbon capture technology. These technologies remove CO2 from the air directly, enabling scientists to alleviate some of the damage from fossil fuels which have already been burned.
Jul 11, 2016 · Globalization as such is under pressure, and so is global trade. Whereas it used to grow by 5% to 10% a year, the percentage growth in many countries is now down to low single digits. With recent events such as the Brexit vote in the UK, and nationalist reflexes in countries from France to the US, some people even wonder if the era of globalization is over.
