As the 21st century advances, the world has witnessed an acceleration in the cross-border exchange of ideas, goods, technology, and capital. Some leaders have been encouraged by evidence of expanding economic growth, higher standards of living, and greater consumer choice that have resulted from increasingly complex value chains and greater access to investment resources. Others express apprehension in light of environmental degradation, offshored jobs, and weakened local control that have also accompanied these expanded cross-border exchanges. This increased connectivity means that businesses—whether multinational or domestic—must both do things differently and do different things as previously distinct national markets further integrate.
Read More >