Prof Anil Gupta shared his insights on “Globalization 4.0” – the good, the bad and the unavoidable.
“What has happened is that global connectedness is not only strong, it’s getting stronger. It’s global connectedness by trade in physical goods that is slowing down. But economies are becoming increasingly connected by trade in services, by capital investment, and most importantly by movement of data including knowhow. These types of linkages are substituting for the decline in linkages via trade in goods.”
“The last thing we should do,” he says, “is to bemoan the decline of trade in physical goods. Yes, the old globalization is dying. Yet, long live globalization, the new era of digital globalization.”
“It would not make sense for Tesla to be exporting cars to China – that would be trade in goods. Rather, the smarter strategy is to build a gigafactory in China and export data, technology, and knowhow from the U.S. to China.”
“On the whole,” he says, “Globalization 4.0 is a net plus for the global economy. Because, hey, 80 percent of the world’s population lives in emerging markets, and 40 percent of the world’s GDP is in emerging markets.”
“But, at the same time, Globalization 4.0 is not necessarily good for all counties,” he adds. “With the pluses and minuses for different segments of society in the rich economies, it’s crucially important that that every one of us tries to do something about the nasty effects.”
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Prof Anil Gupta is widely regarded as one of the world’s leading experts on strategy and globalisation. He is currently the Professor of Strategy and Organization as well as Research Director at the Center for International Business Education & Research at The University of Maryland. He also serves as chief advisor to The China India Institute, a Washington DC-based research and consulting organization.
Anil Gupta is the author, coauthor or coeditor of several highly acclaimed books like “The Silk Road Rediscovered”, “Getting China and India Right”, “Global Strategies for Emerging Asia” and “The Quest for Global Dominance”, to name a few. He also serves as a columnist for Bloomberg BusinessWeek, as a Contributing Editor for Chief Executive Magazine, and as a contributor to HBR.org. His writings have also been published in The Wall Street Journal, Financial Times, Chief Executive Magazine, Daily Telegraph, China Daily, Economic Times, and other outlets.
Anil K. Gupta is one of the 3 professors in the world to have been elected by his peers as a Lifetime Fellow of the Academy of Management, Strategic Management Society, and Academy of International Business. His other honors include:
- “Best Professor in Strategic Management” (CMO Asia)
- Outstanding Faculty (BusinessWeek)
- one of the world’s “most influential living management thinkers” (Thinkers50)
- one of the world’s “superstars” on “Innovation in Emerging Economies” (The Economist )
- one of the world’s “100 most influential professors of entrepreneurship” (The UK-based HotTopics)
- induction into the Academy of Management Journals’ Hall of Fame
- “North American Superstar” for research in strategy and organization (Management International Review).
As a speaker, Anil Gupta’s highly captivating, insightful and thought-provoking presentations cover the topics:
- Global Strategy in the Age of China and India
- Changing the Rules of the Global Game
- Building and Exploiting Global Presence
- Cultivating a Global Mindset
- Leveraging Synergies Across Businesses