As we enter a new decade, characterized by rising economic complexity and geopolitical divisions — U.S.-China tensions, populism and nationalism in Europe, and the looming risk of a global recession — forward-thinking business leaders are developing strategies to mitigate the longer-term risk of deglobalization. They are concerned about trade protectionism, and the revenue a company could lose in any tariff wars.
Are Businesses Ready for Deglobalization?
Four long-term risks to prepare for.
December 06, 2019
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Summary.
Concerned about trade protectionism, and revenue loss from trade wars, forward-thinking business leaders are developing strategies to mitigate the longer-term risk of deglobalization. But many multinational corporations may not be ready to compete in a deglobalized future. This article identifies four forces: a fragmented internet, global competition for talent, complicated finance and regulatory regimes, and outdated corporate structures, that multinational leaders should be considering.
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New!
HBR Learning
HBR Learning
Global Collaboration Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Global Collaboration. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to overcome barriers when working globally.