In brief
The megatrend of globalization has had a profound impact on the (economic) world in recent decades. It has facilitated mutual benefits among people worldwide, but it has also led to increased competition. Initially, globalization primarily emphasized relationships of exchange, the division of labor, and the economic growth and prosperity that this facilitates. However, in recent years, protectionist tendencies have been on the rise, as has the prospect of new blocs emerging. It is essential that we harness the continuing opportunities presented by globalization and adeptly manage its associated risks.
Opportunities
Globalization is essential to Germany’s economic success. The country must therefore continue to capitalize on the opportunities presented and mitigate the risks faced.
Growing markets offer new sales opportunities.
Alternative supply chains reduce potential risks.
Achieving more climate protection together.
The global division of labor is a key driver of economic well-being.
Projects, studien, rankings
Data helps to identify where Germany stands in comparison to other countries and where new markets are emerging. It provides the basis for successful globalization.
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We are developing a global data standard for goods and services for ECLASS e.V. in close cooperation with experts from industry and trade.
CHALLENGES
De-/Globalization is transforming the flow of goods and economic structures everywhere. Procurement can take place globally at one or multiple locations, and other countries may experience growth in entirely different markets. Measuring these changes helps identify factors that influence positive development as well as risks. This enables us to present appropriate courses of action and alternatives, as we strengthen our local markets and economies.
Expert voices
Globalization will continue, albeit with a different face. Other countries will gain significance. Understanding this transformation requires ongoing analysis.
The quality of a location determines where the economy invests. The future of a location depends on having sufficient investments. Good location factors can compensate for higher costs, but only if things overall are right.
GLOBALIZATION STRATEGY
For businesses, globalization and deglobalization entail a constant reassessment of their international activities. Our analyses of international data enable businesses to identify opportunities for expanding markets and potential risks in procurement.
Possible applications for companies:
GLOBALIZATION STRATEGY
German foundations, government ministries, and associations prioritize Germany as a strategic location and raise awareness about potential risks. They offer tailored guidance on enhancing prosperity within the country. At IW Consult, we provide the necessary analyses to support their efforts.
Possible applications for foundations, ministries and associations:
GLOBALIZATION STRATEGY
Cities and municipalities, despite their local nature, are significantly influenced by decisions made in other parts of the world. We offer valuable insights to help them accurately understand the situation and make informed decisions.
Possible applications for cities and municipalities:
