Title: Digital globalization
Description: "The rapidly growing flows of international trade and finance that characterized the 20th century have flattened or declined since 2008. Yet globalization is not moving into reverse. Instead digital flows are soaring - transmitting information, ideas, and innovation around the world and broadening participation in the global economy. Countries cannot afford to shut themselves off from global flows, but narrow export strategies miss the real value of globalization: the flow of ideas, talent, and inputs that spur innovation and productivity. Digital globalization makes policy choices even more complex. Value chains are shifting, new hubs are emerging, and economic activity is being transformed. This transition creates new openings for countries to carve out profitable roles in the global economy. Those opportunities will favor locations that build the infrastructure, institutions, and business environments that their companies and citizens need to participate fully."--In Brief.
Subjects: Globalization, Economic aspects, Technological innovations, International trade, International finance