The world is deeply interconnected. Every region relies on trade with other regions for more than 25 percent of at least one important type of good. But trade reconfiguration is under way, and increased investment into a range of developing economies suggests further trade reconfiguration in coming years. What can business leaders do to prepare? “In the current state of uncertainty, the imperative for business leaders is to … have a strategy in place to help shape a new architecture to match an evolving world,” write McKinsey’s Jeongmin Seong, Olivia White, Michael Birshan, Lola Woetzel, and coauthors a new report from the McKinsey Global Institute. Global cooperation can also contribute to, and help shape, the discourse on the evolution of global connections. And bookmark this page for daily updates on #WEF24.
On day 3 of the World Economic Forum’s annual meeting in Davos, check out these insights to understand how our interconnected world is evolving and why global integration is here to stay—albeit with nuance.
Geopolitics and the geometry of global trade
Global flows: The ties that bind in an interconnected world
The complication of concentration in global trade
Globalization in transition: The future of trade and value chains