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In the 1990's, in the first phase of globalization, economics reigned supreme.
The current phase of globalization since the financial crisis has been marked by inequalities, insecurities and instabilities.
He added, "I think what we're seeing is the start of a whole new phase of globalization".
After changes in trade, manufacturing, and research and development, "the next phase of globalization will be the decentralization of headquarters functions," he said.
Years from now, when we look back on this phase of globalization, we may realize how selectively so many countries absorbed the lessons of an influential few.
Have we entered a new phase of globalization that, unbeknownst to most citizens, shapes policies that used to be the sole domain of domestic politics?
Similar(43)
In that sense, the first phase of its globalization process was consistent with the traditional model of expansion.
Sure, Hlinka will have to adjust to his international team and available resources, but it is just another phase of the globalization process.
And of course this recent phase of intensified globalization is just an acceleration of the Anthropocene.
So that form of globalization will certainly accelerate.
Paradoxically, foreign trade grew at a much faster rate during the protectionist phase of the first wave of globalization than during the free trade phase sparked by the United Kingdom.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com