From artificial intelligence (AI) and inequality to globalization and the future of work, research from the McKinsey Global Institute (MGI) in 2019 shed light on major trends reshaping the world’s economy, and uncovered how these global shifts are manifesting locally in Africa, Asia, America, and more.
This infographic showing ten charts is just a sample of MGI’s research published in 2019.
Ten charts on the global economy from the McKinsey Global Institute
Our research suggests that the same old playbook won’t work in an era of increasing disruption. CEOs and leaders will need to be prepared to chart a course to navigate these shifting dynamics—and do so quickly. To become a 21st century company, they must ask themselves ten crucial questions about how they operate in an increasingly complex world:
- What is our mission and purpose as a company?
- How far do we go beyond shareholder capitalism? How are we accountable to different stakeholders?
- Who benefits in our economic success? How?
- What is the time horizon for managing our economic success and impact?
- What is our responsibility to our workforce, especially given future-of-work implications?
- How do we leverage data and technology responsibly and ethically?
- What are our aspirations for inclusion and diversity?
- What is our responsibility for societal and sustainability issues involving our business, and beyond our business?
- What are our responsibilities regarding participants in our platforms, ecosystems, supply and value chains and their impact on society?
- How should we address the global and local (including national) imperatives and implications of how we compete, contribute, and operate?
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Infographic sources:
- Globalization in transition: The future of trade and value chains
- Asia’s future is now
- China and the world: Inside the dynamics of a changing relationship
- Digital India: Technology to transform a connected nation
- The future of work in America: People and places, today and tomorrow
- The future of women at work: Transitions in the age of automation
- A new look at the declining labor share of income in the United States
- Inequality: A persisting challenge and its implications
- What every CEO needs to know about ‘superstar’ companies
- Latin America’s missing middle: Rebooting inclusive growth
