Beware going global!

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Also at the SMS conference, Pankaj Ghemawat reviewed some of the recession’s impact on globalisation trends, a talk that included a useful warning. Big indicators, like the rate of Foreign Direct Investment, have slowed sharply with the down-turn, but no worse than last time. But he warned of some additional dangers this time:

  • a risk of more protectionism due to more widespread job losses and distrust of business
  • massive public debt slowing recovery
  • shortage of finance

The intriguing content concerned the still remarkably ...

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