DOCSLIB.ORG

Coming to Terms with Cosmopolitanism, Global Citizenship & Global Competence

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Coming to Terms with Cosmopolitanism, Global Citizenship & Global Competence FOSTERING GLOBAL CITIZENSHIP AND GLOBAL COMPETENCE: A NATIONAL SYMPOSIUM COMING TO TERMS WITH COSMOPOLITANISM, GLOBAL CITIZENSHIP & GLOBAL COMPETENCE Discussion Paper 1 Changes induced by new technologies, and the unprecedented mobility of Professor Zlatko Skrbiš people, goods and capital across the Professor of Sociology and globe, are creating a world that contains Vice-Provost (Graduate Education) a set of characteristics without parallel in Monash University human history. A whole new vocabulary is needed to explain this different world. August 2014 Terms such as ‘cosmopolitanism’, ‘global citizenship’ and ‘global competence’ are often used in this context to explain this new reality. Similarly, it is also often argued that the new globalised conditions require our future generations to possess different skills in order to successfully negotiate the opportunities and challenges brought about by globalisation. In this discussion paper I provide an overview of these concepts as they pertain to the higher education sector. In particular, I argue that an inclusive ethical and moral framework should be seen as the foundation for how we think of global competencies and how we operationalise them in practice. DISCUSSION PAPER 1 INTRODUCTION 3 GLOBALISATION: THE CHALLENGE & OPPORTUNITY 3 GLOBAL COMPETENCIES 4 GLOBAL CITIZENSHIP AND COSMOPOLITANISM 5 EDUCATING FOR A COSMOPOLITAN FUTURE 7 SUMMARY 8 CRITICAL ISSUES 8 REFERENCES 9 INTRODUCTION In his 1999 BBC Reith Lecture, Giddens tells the story of his friend, presumably an anthropologist, who The world we inhabit has been profoundly examined village life in central Africa. He describes reconfigured through globalisation. To navigate how “… she paid her first visit to a remote area where this world, people need to be equipped with she was to carry out her fieldwork. The evening a new repertoire of knowledge and skills. As she got there, she was invited to a local home for educators, we are often reminded that schools, an evening’s entertainment. She expected to find colleges or universities must prepare students to out about the traditional pastimes of this isolated negotiate this new intricately interconnected community. Instead, the evening turned out to world, communicate efficiently and establish be a viewing of Basic Instinct on video. The film at productive relationships at both the local and that point hadn’t even reached the cinemas in global level. We also hear that it is important London” (Giddens 1999). This example illustrates to embed the doctrines of ‘global citizenship’ how technological advancements, in the areas and ‘global competence’ into our teaching philosophies, policies and curricula. Although of communication and mobility in particular, have this is undoubtedly right and necessary, the revolutionised people’s capacity to transcend way these concepts are used and understood the local and immediate. Not only do we have vary a great deal. television and movies, but we can also ‘Facebook’ and ‘Tweet’, ‘Snapchat’ and ‘Skype’. ‘Google’ With this discussion paper I aim to outline a has become a verb and, if you believe the Vanity DISCUSSION PAPER 1 framework that may facilitate our discussion Fair website, “Facebook, Twitter, Instagram, and involving concepts such as ‘global citizenship’ new dating apps like Tinder, Grindr, and Blendr and ‘global competence’, and how they have increasingly become key players in social relate to policy and learning and teaching interactions, both online and IRL (in real life)” (Sales, agenda within the higher education sector. I 2014). The phenomenon of the ‘global village’ has begin by broadly summarising the challenges reached colossal proportions, far surpassing anything and opportunities accompanying globalisation and how these should be addressed by the Marshal McLuhan (1962, 1964), the author of this education sector. I will then clarify the terms term, might have imagined. ‘global competencies’, ‘global citizenship’ Alongside changes at the level of personal and ‘cosmopolitanism’. Finally I discuss how an and intimate experience, we are witnessing understanding of cosmopolitanism can help us the emergence of a global economy in which to orientate our students towards a more global future. geographical boundaries matter less, production is While we need to prepare our students to both survive concentrated in low-wage areas and consumption and thrive in this new era, we must also situate their operates on a planetary scale. This economy is educational experiences within an inclusive ethical and moral framework. By emphasising the cosmopolitan not only driven by the old fashioned processes of principles of responsibility, openness, commitment production and consumption, but also by relentless and compassion we will better equip our students to and algorithm-driven financial markets (e.g. Brady become effective and responsible global citizens. et al. 2007; Brady and Denniston 2006; Gomez et al. 2013). Not surprisingly, we are also witnessing Globalisation: the emergence of new challenges, which have new and planetary consequences. For instance, the Challenge & Opportunity environmental threats, global pandemics, and Although the mobility of people, goods and ideas terrorism all challenge how we view the nexus across the globe is not a new phenomenon, the between local and global issues (Beck 1992, 2006). speed and intensity at which this movement now occurs is having a profound impact upon how These new interdependencies make our lives and human beings connect and relate to each other our individual and collective fates inextricably (Beck 2000; Giddens 1990, 1999; Held et al. 1999). intertwined (Appiah 2008; Skrbiš and Woodward The phenomenon of globalisation, described by 2013). No longer are we cocooned within the social theorist Anthony Giddens (1990:64) as an confines of our local and national boundaries. “intensification of worldwide relations”, has created Instead, we are required to view everyday a degree of global interconnectedness and opportunities and challenges, such as those we interdependence that is historically unprecedented encounter in the context of education, work, and and accompanied by new paradoxes. leisure, from a more global frame of reference. 3 We ought to avoid excessively optimistic or Global competencies DISCUSSION PAPER 1 pessimistic portrayals of this globalised world and its Educational discourse is laden with implications for the future. On the positive side we assumptions that today’s students should be now have ready access to new ideas, resources and ‘globally competent’ in order to face the knowledge quite unimaginable only a couple of challenges brought about by globalisation. decades ago. Evidence of this abounds all around A simple search of the internet provides us. Even our humble daily newspaper contains more evidence that this is a topic on the agenda information than the average person a few centuries of many educational institutions (e.g. CRLT ago could access in their entire lifetime. 2014; CCSSO 2014). It is also apparent that different terminology is being applied to what Although this new world provides unprecedented is basically a similar concept. While here we opportunities, they are also accompanied by use term ‘global competence’, others may increased disruption and uncertainty across many talk about ‘intercultural competence’ (e.g. spheres of everyday life. At the personal level, Deardorff 2006, 2011), ‘cultural competence’ new patterns of production and consumption (e.g. Johnson et al. 2006) or similar terms (for have reconfigured job markets and altered what an expanded list see Fantini 2009). In some used to constitute a ‘typical’ life course trajectory. instances the concept ‘global competence’ Previously linear transitions from schooling, to full- has been imbued with different meanings, time employment and eventual retirement are now generating some ambiguity about its use. no longer taken for granted (Sennett 1998). Periods As Deardorff (2006, 2011) has noted, it is not of employment are increasingly interwoven with uncommon that some educational institutions bouts of unemployment or educational interludes. are relying on varied and unique in-house Offshoring challenges job prospects for some and interpretations and assumptions about the provides opportunities to others. In this way, new meaning of global competence. I daresay opportunities are intertwined with new risks and that participants at this forum may have a threats. German sociologist Ulrich Beck captured range of understandings of what ‘global these in his seminal text Risk Society: Towards a competence’ means, or what skills we need New Modernity (1992) in which he shows how to impart upon students in order that they advancements intended to make our lives simpler, become ‘globally competent’. While this is not necessarily a bad thing, hopefully, by the healthier and safer are also exposing us to new risks end of the symposium we will be a step closer and dangers – some of which yet to be fully realised. to a shared understanding of ‘global competence’ Globalisation presents higher education institutions and the overall framework of skills and dispositions with new and diverse challenges. It is necessary underpinning this concept. for students to develop new competencies which Over the past decade (with varying degrees of adequately equip them for life in this complex success) different authors have endeavoured to bring and rapidly changing global environment. These together what they consider to be
Load more

Recommended publications
  • Civil-Military Relations and Democratization: a Cross-Regional
    CIVIL-MILITARY RELATIONS AND DEMOCRATIZATION: A CROSS-REGIONAL ANALYSIS OF ALGERIA AND SOUTH KOREA By Alexa Arevalo A capstone project submitted for Graduation with University Honors May 13, 2021 University Honors University of California, Riverside APPROVED Dr. David Pion-Berlin Department of Political Science Dr. Richard Cardullo, Howard H Hays Jr. Chair University Honors ABSTRACT The comparative literature on democratization commonly focuses on intra-regional analysis to study similar cases. Considering the diverse literature on democracy, the necessary variables for causality remain widely disputed. In political science, a growing body of scholarship has qualitatively analyzed the relationship between civil-military relations and democratization. This study aims to examine the observed variance in authoritarian durability. It analyzes the interactions between four independent variables and the observed effects on prospects of democratization in South Korea and Algeria. To set a strong foundation for a controlled comparison, the analysis utilizes case studies to increase the number of within case observations. Using a Most Different Systems Design (MDSD), the study tests four hypotheses corresponding to the variables of interest—foreign aid, regime type, societal fragmentation, and military withdrawal. My findings indicate consistent support for military withdrawal and regime deterioration. By contrast, there is inconsistent support for foreign aid, regime type, and societal fragmentation. Overall, these findings suggest that future research should include on large-n quantitative analysis to address concerns with generalizability. 2 ACKNOWLEDGEMENTS I would like to thank Dr. David Pion-Berlin for his guidance and for giving me independence to conceptualize this research. I am immensely grateful for having the opportunity to take part in his graduate seminar on the Armed Forces and Politics.
    [Show full text]
  • Beck's Risk Society and Giddens' Search for Ontological Security: a Comparative Analysis Between the Anthroposophical Society and the Assemblies of God
    Volume 15, Number 1 27 Beck's Risk Society and Giddens' Search for Ontological Security: A Comparative Analysis Between the Anthroposophical Society and the Assemblies of God Alphia Possamai-Inesedy University of Western Sydney There is a contention by social theorists such as Beck, Giddens, Bauman and Lash that contemporary Western society is in a transitional period in which risks have proliferated as an outcome of modernisation. In accordance with these changes individuals' sense ofselfhood have moved toward being more sensitive as to what they define as risks, such as threats to their health, as economic security or emotional wellbeing than they were in previous eras. Living in such a world can lead individuals to what Giddens would term ontological insecurity. Obsessive exaggeration of risks to personal existence, extreme introspection and moral vacuity are characteristics of the ontologically insecure individual. The opposite condition, ontological security, when achieved, leaves the individual with a sense of continuity and stability, which enables him or her to cope effectively with risk situations, personal tensions and anxiety. This emergent field of study in sociology has nevertheless poorly addressed religious issues; as if these social researchers have omitted parts of the religious aspects ofcontemporary society. This article attempts to fill this lacuna and explores the notion of risk society and ontological security with that of postmodern religion/spiritualities. Two case studies of the Anthroposophical society and Pentecostalism aid in this task. UlrichBeck(1992; 1994; 1995; 1996)andAnthonyGiddens(1990; 1991; 1994; 1999) while differing in their approaches, share similar concerns, foci and epistemological underpinnings in their work.
    [Show full text]
  • The Impact of Outsourcing and Brain Drain on Global Economic Equilibrium
    International Forum Vol. 12, No. 2 October 2009 pp. 3-23 FEATURE The Impact of Outsourcing and Brain Drain on Global Economic Equilibrium Khin Maung Kyi Abstract: Outsourcing and brain drain are two popular phenomena that have captured the interest of researchers in academia and the business world. Numerous studies have been conducted on these two topics but little research has related them to global economic equilibrium. This paper presents the effects of outsourcing and brain drain that the researcher believes have an impact on the improvement of the global economy. The study assumes that the more positive the outcomes created by outsourcing and brain drain, the greater the possibility to achieve global economic equilibrium. Globalization has opened up ways for businesses to share their excess resources in order to maximize benefits on return to all parties involved. In the process of sharing resources and utilizing benefits, however, not all entities benefit equally. There will be those that acquire more wealth, while others will experience diminished capital and resources. Nations with advanced economies focus their attention on industrialization and manufacturing of goods and services and therefore are able to provide a good selection of employment opportunities. These nations have not, however, shown a similar inclination to increase their population. The result is a labor shortage. Data from Germany (“Marriage and Family” 1995, para. 1), for example, shows that “like most other advanced countries in the postwar era, Germany recorded fewer marriages, more divorces, and smaller families.” Individual choice is not the only cause of this labor shortage. Government policy in some countries also affects human reproduction.
    [Show full text]
  • LETTER to G20, IMF, WORLD BANK, REGIONAL DEVELOPMENT BANKS and NATIONAL GOVERNMENTS
    LETTER TO G20, IMF, WORLD BANK, REGIONAL DEVELOPMENT BANKS and NATIONAL GOVERNMENTS We write to call for urgent action to address the global education emergency triggered by Covid-19. With over 1 billion children still out of school because of the lockdown, there is now a real and present danger that the public health crisis will create a COVID generation who lose out on schooling and whose opportunities are permanently damaged. While the more fortunate have had access to alternatives, the world’s poorest children have been locked out of learning, denied internet access, and with the loss of free school meals - once a lifeline for 300 million boys and girls – hunger has grown. An immediate concern, as we bring the lockdown to an end, is the fate of an estimated 30 million children who according to UNESCO may never return to school. For these, the world’s least advantaged children, education is often the only escape from poverty - a route that is in danger of closing. Many of these children are adolescent girls for whom being in school is the best defence against forced marriage and the best hope for a life of expanded opportunity. Many more are young children who risk being forced into exploitative and dangerous labour. And because education is linked to progress in virtually every area of human development – from child survival to maternal health, gender equality, job creation and inclusive economic growth – the education emergency will undermine the prospects for achieving all our 2030 Sustainable Development Goals and potentially set back progress on gender equity by years.
    [Show full text]
  • Follesdal-2014-Global-Citizenship.Pdf
    ANDREAS FOLLESDAL Global Citizenship Approximately as appears in Global Citizen – Challenges and Responsibility in an Interconnected World, ed Aksel Braanen Sterri, Amsterdam: Sense Publisher 2014, 71-82. Introduction Globalization describes the processes of widening and deepening relations and institutions across space.1 Increasingly, our actions and practices systematically and mutually affect others across territorial borders (Held 1995: 21). Since these processes affect our opportunities and our possible impact, globalization also affects what we ought to do – as ‘global citizens’. This paper explores some of the implications for our conceptions of citizenship beyond the state. In particular, these processes affect assertions about what our institutions should enable us to do, as citizens of multiple political units. I present a number of arguments to support the view that individuals should be able to exercise some democratic voting rights and some human rights vis-à-vis governance structures above the nation state under our conditions of globalization. After a brief overview including a historical backdrop, section 2 sketches some components of global citizenship, and section 3 considers several objections to this notion. I start from the normative premise that human beings are rights-deserving subjects of equal moral worth. I then ask: what are the appropriate normative answers to globalization? Globalization challenges perceived obligations of states, citizenship and non-state/private actors such as NGOs and corporations, and gives rise to normative and institutional solutions of a varied kind. In particular, what are the implications for our conceptions of citizenship beyond the state? 1 Globalization and normative cosmopolitanism Global citizenship invokes the notion of citizenship.
    [Show full text]
  • Review of the Trade and Foreign Investment (Protecting the Public Interest) Bill 2014
    Submission by Civil Liberties Australia CLA TO: Senate Foreign Affairs, Defence and Trade Committee Review of the Trade and Foreign Investment (Protecting the Public Interest) Bill 2014 Contents 1) Investor-State Dispute Settlement (ISDS), part of the Trans-Pacific Partnership (TPP) trade agreement, has developed expanded legal rights for investors which do not exist in national legal systems. 2) The effect of creating special rights for foreign investors has led to the unintended consequence of offshoring jobs as corporations move offshore to acquire the rights of foreign corporations. 3) ISDS provisions dilute the competitive advantage enjoyed by developed economies characterised by the rule of law. 4) The number of cases pursued against countries for introducing measures to protect public health, the environment and other socially beneficial legislation has increased. 5) Costs to government and taxpayers and ongoing “chilling” effect on proposals for socially beneficial legislation. 6) ISDS procedures lack legal protections of the kind found in domestic legal systems 7) Recent “safeguards” included in ISDS clauses to protect health, environment and other public interest legislation have not been effective. 8) Increasing numbers of governments are withdrawing from ISDS. 9) ISDS provisions apply not only to the Commonwealth Government, but to state and local governments also. Yet there is no evidence of any consultation with state and local governments on this issue, or on this Bill. 10) ISDS provisions would weaken our sovereignty by removing the rights of the Commonwealth of Australia to make its own binding laws. 11) Arising out of all of the above effects, ISDS provisions are shown to be inherently anti- democratic.
    [Show full text]
  • Cosmopolitanism and Global Citizenship
    Review of International Studies (2003), 29, 3–17 Copyright © British International Studies Association DOI: 10.1017/S0260210503000019 Cosmopolitanism and global citizenship BHIKHU PAREKH* Abstract. The author argues that we have obligations to our fellow citizens as well as to those outside our community. Since these obligations can conflict and since neither automatically trumps the other, the author provides the general principles needed to resolve the conflict. While rejecting the notion of global citizenship, he argues for a globally oriented national citizenship and spells out its political and institutional implications. A few years ago when Richard Goldstone was appointed Chief Prosecutor for the Yugoslav and Rwanda war crimes tribunals, he ran into Edward Heath, ex-British Prime Minister. Goldstone told him about his new job whereupon Heath asked him why he had accepted ‘such a ridiculous job’. When the surprised Goldstone tried to explain the importance of bringing war criminals to justice, Heath rejoined that if people wanted to murder one another, it was none of his business as long as they did so in their own country. Goldstone found later that Heath was candidly stating what many leading Western politicians were saying in private.1 When a group of leading American activists lambasted the chief executive of a well-known multinational corporation for paying low wages to his employees in developing countries and bribing and coercing their governments, he rejoined that his sole duty was to his shareholders, that alleviating the poverty in developing countries was not his business but that of the leaders of the country involved, that no Western country had ever depended on external help, and that it was about time developing countries stopped blackmailing the West.
    [Show full text]
  • Offshoring and Its Effects on the Labour Market and Productivity: a Survey of Recent Literature
    Offshoring and Its Effects on the Labour Market and Productivity: A Survey of Recent Literature Calista Cheung and James Rossiter, International Department, Yi Zheng, Research Department • Firms relocate production processes ver the past couple of decades, the lower- internationally (offshore) primarily to achieve ing of trade and investment barriers as well cost savings. As offshoring becomes an as technological progress in transportation O and communications have facilitated the increasingly prominent aspect of the globalization of production processes. Firms increas- globalization process, understanding its effects ingly take advantage of the cost savings and other on the economy is important for handling benefits that result from making or buying inputs the policy challenges that arise from structural where they can be produced more efficiently. This phenomenon of production relocation across national changes induced by globalization in general. boundaries is generally known as offshoring.1 Under- • In advanced economies, offshoring of materials standing the implications of offshoring in the current used in manufacturing has risen steadily over context is an important step towards handling the opportunities and challenges of globalization as it the past two decades. The scale of offshoring matures. This article contributes to such understand- in services is much smaller, but has grown ing by summarizing some key findings in the litera- faster than that of materials since the mid- ture on the impact of offshoring on employment, 1990s. The intensity of offshoring in Canada wages, and productivity in developed economies. Note that while offshoring of services is still in its has been higher than in many other advanced infancy, it merits as close a study as that of manufac- economies, probably because of our close turing offshoring, given its unique characteristics and economic relationship with the United States.
    [Show full text]
  • The Policy Implications of Third-Party Funding in Investor-State Dispute Settlement
    Columbia Law School Scholarship Archive Columbia Center on Sustainable Investment Staff Publications Columbia Center on Sustainable Investment 5-2019 The Policy Implications of Third-Party Funding in Investor-State Dispute Settlement Brooke Guven Columbia Law School, Columbia Center on Sustainable Investment, [email protected] Lise Johnson Columbia Law School, Columbia Center on Sustainable Investment, [email protected] Follow this and additional works at: https://scholarship.law.columbia.edu/ sustainable_investment_staffpubs Part of the Dispute Resolution and Arbitration Commons, International Law Commons, Litigation Commons, Securities Law Commons, and the Transnational Law Commons Recommended Citation Brooke Guven & Lise Johnson, The Policy Implications of Third-Party Funding in Investor-State Dispute Settlement, (2019). Available at: https://scholarship.law.columbia.edu/sustainable_investment_staffpubs/8 This Report/Policy Paper is brought to you for free and open access by the Columbia Center on Sustainable Investment at Scholarship Archive. It has been accepted for inclusion in Columbia Center on Sustainable Investment Staff Publications by an authorized administrator of Scholarship Archive. For more information, please contact [email protected]. The Policy Implications of Third-Party Funding in Investor-State Dispute Settlement Brooke Guven and Lise Johnson* May 2019 CCSI Working Paper 2019 *Brooke Guven is a legal researcher at the Columbia Center on Sustainable Investment (CCSI) and Lise Johnson is head of Investment Law and Policy at CCSI. The authors would like to thank Richmund St. Lucia, Stephen Dietz and Ana Valls for their research assistance, the participants of the roundtable hosted by CCSI and The International Council for Commercial Arbitration (ICCA)-Queen Mary Task Force on Third-Party Funding on October 17, 2017 for their open discussion of the issues presented, and Frank Garcia for his thought leadership and effort to broaden discussions on the issue of third-party funding.
    [Show full text]
  • Global Governance and the Construction of World Citizenship: a Contemporary Perspective
    GLOBAL GOVERNANCE AND THE CONSTRUCTION OF WORLD CITIZENSHIP: A CONTEMPORARY PERSPECTIVE By, Dr. R. Shashi Kumar Reader Department of Economics Bangalore University Bangalore—560 056 Karnataka State India CONTENTS PART I GLOBAL GOVERNANCE 1.1. INTRODUCTION 1.2. PAPER DESIGN 1.3. GLOBAL GOVERNANCE: 1.3.1. Meaning PART II GLOBAL GOVERNANCE AND WORLD CITIZENSHIP 2.1. THE NEW GLOBAL AGENDA 2.1.1. Governance and Knowledge Management 2.1.2. Regionalism 2.1.3. Informal Multi-lateralism 2.1.4. State and Governance: The Question of Sovereignty 2.2. THE UN AND FUTURE OF GLOBAL GOVERNANCE 2.3. GLOBAL CITIZENSHIP: A NEW PARADIGM OF RIGHTS, RESPONSIBILITIES AND AUTHORITY PART III A UNIFIED CIVIL SOCIETY 3.1. GLOBAL GOVERNANCE AND CIVIL SOCIETY 3.2. PROBLEMS OF GLOBAL GOVERNANCE 3.3. MEASURES TO IMPROVE GLOBAL GOVERNANCE 3.4. CONCLUSION REFERENCE GLOBAL GOVERNANCE AND THE CONSTRUCTION OF WORLD CITIZENSHIP: A CONTEMPORARY PERSPECTIVE Key Words: Globalization, Integration, International Organizations, Knowledge Management. “Civil society has a certain view of government. Government has a certain view of civil society. Unless you actually start working together, you don’t really realize your relative strengths.” -Kofi Annan PART I GLOBAL GOVERNANCE 1.1. INTRODUCTION The international community today faces enormous challenges in dealing with economic governance--challenges related to the growing interdependence of economies and civil society, the continued impoverishment of much of the world and the unused human potential that entails, and the increased realization of the threats to the environment and thus to planetary survival. While the world has become much more highly integrated economically, the mechanisms for managing the system in a stable, sustainable way have lagged behind.
    [Show full text]
  • Challenges and Conceptions of Globalization
    The current issue and full text archive of this journal is available at www.emeraldinsight.com/1352-7606.htm Challenges and Challenges and conceptions conceptions of of globalization globalization An investigation into models of global change and their relationship with business practice 23 Christopher Bond Business School, University of Roehampton, London, UK, and Darren J. O’Byrne Department of Social Sciences, University of Roehampton, London, UK Abstract Purpose – This paper, which is conceptual in both nature and approach, builds on a recent contribution to the theorization of “globalization” and seeks to utilise the framework developed therein to help promote a more complex conceptual understanding of the potential implications of how business operates and responds to these challenges in a global environment. The paper aims to discuss these issues. Design/methodology/approach – The paper draws primarily on a heuristic framework developed by O’Byrne and Hensby that reviews eight models of global change. In this paper, the authors review and give consideration to the relationship between these models and business practice and contend that this relationship is far more complex than the majority of the current literature in the business and management field represents. Within the paper, the authors explore and discuss the dynamics of the eight models of “globalization” and assess the potential implications for business practice of working within these often conflicting and contradictory paradigms of “globalization”. As part of this review, the authors consider the strategic implications of “globalization” for business practice and propose a conceptual model with eight strategic options which are aligned to the eight models of global change.
    [Show full text]
  • Megatrends the Deglobalization Myth(S)
    Vanguard Research: Megatrends The deglobalization myth(s) About the Megatrends series Megatrends have accompanied humankind throughout history. From the Neolithic Revolution to the Information Age, innovation has been the catalyst for profound socioeconomic, cultural, and political transformation. The term “Megatrends” was popularized by author John Naisbitt, who was interested in the transformative forces that have a major impact on both businesses and societies, and thus the potential to change all areas of our personal and professional lives. Vanguard’s “Megatrends” is a research effort that investigates fundamental shifts in the global economic landscape that are likely to affect the financial services industry and broader society. A megatrend may bring market growth or destroy it, increase competition or add barriers to entry, and create threats or uncover opportunities. Exploring the long-term nature of massive shifts in technology, demographics, and globalization can help us better understand how such forces may shape future markets, individuals, and the investing landscape in the years ahead. Vanguard Investment Strategy Group’s Global Economics Team From left to right: Joseph Davis, Ph.D., Global Chief Economist; Roger A. Aliaga-Díaz, Ph.D., Americas Chief Economist; Peter Westaway, Ph.D., Europe Chief Economist; Qian Wang, Ph.D., Asia-Pacific Chief Economist Americas: Jonathan Lemco, Ph.D.; Andrew J. Patterson, CFA; Joshua M. Hirt, CFA; Maximilian Wieland; Asawari Sathe, M.Sc.; Adam J. Schickling, CFA Europe: Shaan Raithatha, CFA; Roxane Spitznagel; Griffin Tory Asia-Pacific: Beatrice Yeo, CFA; Alexis Gray, M.Sc. 2 Megatrend The deglobalization myth(s): Why slowing trade growth shouldn’t concern investors ■ While economists and policymakers have historically emphasized globalization’s benefits, the consensus is fracturing.
    [Show full text]