Cornering the Globe: Why global commerce benefits us all

January 2017

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As our economies are shifting from the 3rd to the 4th industrial revolution – from computers to digitization and the internet of things (IoT) - and as we advance with our eyes on the horizon of the 5th industrial revolution – (whatever that might be) – solutions and advancements to economic growth – will emanate through free exchange: at the global, regional, national, provincial, municipal, and the community level. This kind of fertile cross-pollination benefits us all.

​Key insights from the report include:

  • ​The historical linkage between trade and global growth. For every ‘old economy’ job created in industrial or commodity production in developing economies, a ‘new economy’ job in growth sectors such as IT and healthcare are potentially created in advanced economies.
  • Cross-pollination: Looking beyond the secondary level, at the tertiary level, the U.S. has much to gain from other countries in the development of vocational training.
  • ​Innovation. Supporting innovation and incubating ideas across borders has become a global public good in its own right.

About PwC’s Cornering the Globe publication series:

Cornering the Globe is a publication of PwC’s Geopolitical Investing practice, and is intended to highlight key issues our clients should be considering as they think about expanding into global markets. At the Macro level, long-term economic and demographic trends indicate an abundance of opportunities to profit and expand in emerging markets. However, the risks of doing business in these regions - such as exchange rate volatility, political uncertainty, meeting the skills gap, and shifts in tax and regulation - often hamper decision-making, forcing companies to react to events, rather than prepare for change, and capitalize on potential dislocations. By critically assessing key geopolitical issues that impact our clients, we provide insight into the ways in which companies can build capabilities to weather political and economic change in their foreign operations. Our Geopolitical Investing team combines rigorous insight into the key macroeconomic and geopolitical issues facing business leaders today, with deep industry and sector expertise, helping companies to strategically allocate capital to grow specific business units or assets in markets around the world.

Contact us

Brian Dunch
Principal, Risk & Regulatory, PwC US
Tel: +1 (703) 835 5994

David Sapin
Principal, Risk & Regulatory Leader, PwC US
Tel: +1 (202) 756 1737

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