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A person who never made a mistake never tried anything new.Albert Einstein

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Globalization in transition: The future of trade and value chains

The main trends in the global economy over the 1995-2017 period.

Author(s): Susan Lund, James Manyika, Jonathan Woetzel, Jacques Bughin, Mekala Krishnan, Jeongmin Seong, Mac Muir

Publisher: McKinsey Global Institute

Date of publication: 2019

Read this article on the publisher's website [McKinsey]


This article presents a study of the evolution of 23 value chains concerning the production of goods or services over the 1995-2017 period in 43 countries. This comprehensive overview reveals five major trends in the global economy: the relative reduction in the intensity of the exchanges of goods; the relative increase in the exchanges of services; the decline in the strategies of trade arbitration; the growth of the share of value associated with knowledge and expertise; and the regionalization of exchanges. 

This article is one of the sources used in Manageris’ synopses: