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How executives view globalization



      The breakdown of financial markets worldwide has raised the question of a slowdown in globalization’s once unstoppable advance, as governments contemplate legislation to protect their own countries’ industries and workers. In McKinsey’s fifth annual survey on global trends, we asked executives around the world for their views on the aspects of globalization that are of primary importance to most companies.

       Most executives expect globalization to slow as a result of the crisis. Trade, international capital, and labor flows—which are among the most visible aspects of globalization—are expected to slow by a majority of executives.



      But looking five years ahead, a significant majority of respondents believe that the free movement of goods, services, labor, and capital will bounce back. The clear exception is the integration of financial markets, which executives say will be slowed for at least the next 20 years, likely as a result of the blame directed at those markets for spreading the economic crisis around the world.



The survey was conducted by the McKinsey Quarterly in March 2009 and includes responses from 1,088 executives around the world, representing the full range of industries, regions, functional specialties, and seniority.

Posted by : hsr ( April 28, 2009 )
 
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