The failure of the Cancun trade talks is not the only sign that globalization could be running out of steam. This new report by Deloitte Research identifies 10 forces that could reverse the trend toward global economic and political unity. This report points to warnings about globalization’s future by experts on trade, politics and military affairs. Until recently, naysayers about globalization have been in the minority, but the failure of the Cancun talks coupled with disagreements over the war in Iraq give new weight to the pessimistic point of view, Deloitte Research shows. The report also identifies numerous corporate strategies that will need to be revised if the international business environment sours. These include operating factories, stores and offices abroad; importing and exporting key materials; outsourcing overseas; selling to foreign governments; and, tapping foreign capital markets.
Authors: Dwight Allen, Michael E. Raynor
Source: Deloitte
Subjects: International, Trends / Analysis
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