The future of globalization: Think diversifying, not decoupling

In the face of the pandemic, Russia’s invasion of Ukraine, years of rising tensions between the United States and China, and ongoing macroeconomic uncertainty, firm and policy makers are reexamining their supply chains and trade relationships. What does this mean for globalization? For one, it’s not going away; the world, in fact, is more connected than ever before. Informed reimagination of what comes next requires a granular approach, both in mapping concentrated trade relationships and in deciding on action—whether to double down, decouple, or diversify, write senior partners Olivia White, Jonathan Woetzel, Sven Smit, and co-authors in a new article from the McKinsey Global Institute. Dive deeper with these insights to understand how reimagining globalization can build the foundation for sustainable and inclusive growth, learn more about McKinsey’s ongoing strategic partnership with the World Economic Forum, and bookmark this page for daily #WEF23 updates featuring crucial insights on the key themes at Davos.

The complication of concentration in global trade

Global flows: The ties that bind in an interconnected world

How to build geopolitical resilience amid a fragmenting global order

The China imperative for multinational companies

On the cusp of a new era?

War in Ukraine, inflation, and cooperation in a fractured world with Jean Pisani-Ferry

Risk, resilience, and rebalancing in global value chains

Globalization in transition: The future of trade and value chains

Globalization’s next chapter

Globalization and the evolving role of corporate leadership in the 21st century with Matthew Slaughter


Bob Sternfels on global flows and value chains: “No region, no country is an island today.”