Macroeconomic Implications: Accelerating Growth

Abstract

For companies, a global production footprint is a great opportunity to grow into new markets and strengthen their competitiveness. On a macroeconomic level, the globalization of production also has vast repercussions. Hasty judgments on the socioeconomic impact are all too common. But it is vital to first understand the underlying drivers. The evolution of an economy from industrialization through to eventual deindustrialization appears to be an inevitable development. There are good arguments for moving in step with the tide and perhaps even shaping your path through it. Evidence is mounting to suggest that countries working proactively to trigger a phase-shift can actually accelerate their progress, reaping multiple benefits throughout the transition.