We were delighted to partner with McKinsey Global Institute for an event on Globalization and the Future of the Interconnected World, which was hosted 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 discussed the state of play in globalization after the COVID-19 crisis; explored trends and risks—including from resources and products that are concentrated in just a few geographies—and discussed how policymakers and companies can harness the benefits of interconnection, while managing the risks stemming from interdependency.
Confirmed Speakers Included:
+ John Denton, Secretary General, International Chamber of Commerce
+ Jérôme Haegeli, Group Chief Economist, Swiss Re Institute
+ Anne Van Praagh, Global Head of Public, Project and Infrastructure Finance, Moody's Investor Service
+ Olivia White, Director, McKinsey Global Institute; Senior Partner at McKinsey & Company
Please contact [email protected] with any questions.