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Half of the respondents are only somewhat optimistic they will be able to find the right talent to meet their companies' strategic goals. There are specific corporate challenges too. In addition, high levels of public debt are a headache in Europe and North America, where most executives fear the debt will have a negative impact on GDP growth. For example, most respondents-63 percent-expect increased overall volatility to become a permanent feature of the global economy, and another 23 percent see sharply higher levels of volatility that will undermine the economy's robustness. Please email us at: findings show that the global economy faces significant challenges as it continues to integrate. If you would like information about this content we will be happy to work with you. We strive to provide individuals with disabilities equal access to our website. In addition to our annual questions on individual global trends, this year's survey explores for the first time five interconnected themes that highlight the opportunities and challenges faced by global economic integration itself and by companies seeking to profit from it: growth in emerging markets labor productivity and talent management the global flow of goods, information, and capital natural-resource management and the increasing role of governments. See, for example, " Economic Conditions Snapshot, April 2010: McKinsey Global Survey results,", April 2010. Continued faith in the positive effects of globalization combined with a move away from short-term planning likely reflects rebounding optimism about global economic prospects and is consistent with the findings of other McKinsey surveys on the economy. Clearly, the financial crisis and economic downturn have not shaken these key trends. there is little change in how respondents view the importance of global trends compared with previous years-either for business in general or for their own companies' profits (Exhibit 1).
#Five major drivers of globalization full
The online survey, in the field in March 2010, generated responses from 1,416 executives around the world, representing the full range of industries, regions, functional specialties, and seniority. In this sixth annual survey asking executives about the forces shaping the world economy, 1 1. These four trends, of the ten we asked about, also are the ones that the biggest share of respondents-around half-say their companies have taken active steps to address.
#Five major drivers of globalization free
Executives also identify two other critical positive aspects of globalization: technologies that enable a free flow of information worldwide and, increasingly, global labor markets. Why do Businesses go Multinational? Advantages to firms (cont.An ongoing shift in global economic activity from developed to developing economies, accompanied by growth in the number of consumers in emerging markets, are the global developments that executives around the world view as the most important for business and the most positive for their own companies' profits over the next five years. Why do Businesses go Multinational? Categories of multinational organisation horizontally integrated vertically integrated conglomerate Advantages to firms r eductions in costs international differences in factor prices international differences in factor productivity low-cost access to local markets spreading overheads
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Multinational Corporations Diversity among MNCs size the nature of the business overseas business relative to total business production locations ownership patterns organisational structure Multinational Corporations Statistics on growth and size of MNCs the comparative size of MNCs and countries' GDP foreign direct investment (FDI) inflows įDI inflows FDI as % of gross fixed capital formationįDI as % of gross fixed capital formation FDI inflows Multinational Corporations Statistics on growth and size of MNCs the comparative size of MNCs and countries' GDP Ĭomparison of the 10 largest multinational corporations (by gross revenue) and selected countries (by GDP): 2002 Globalisation: Setting the Scene Current issues in the global economy Defining globalisation global economic interdependence implications for business What is driving globalisation? market drivers cost drivers government drivers competitive drivers Globalisation: the good and the bad Globalisation: Setting the Scene Current issues in the global economy Defining globalisation global economic interdependence implications for business What is driving globalisation? market drivers cost drivers government drivers competitive drivers