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The Pace of Globalization

The Pace of Globalization. Global markets now produce and consume about 25% world output — about $8 trillion of the planet ’ s $ 30 trillion GDP

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The Pace of Globalization

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  1. The Pace of Globalization • Global markets now produce and consume about 25% world output—about $8 trillion of the planet’s $ 30 trillion GDP • Within 30 years, as that GDP expands to $91 trillion (assuming an real growth rate of 4%), global markets could multiply 12-fold, reaching about $73 trillion, more than 80% of world output • More economic integrationwill take place in the next 30 years than occurred in the previous 10,000 or more. • Ongoing formation of global markets in chemicals, credit cards, financial services, accounting, food, health care, mass media, forest products, information technology, automobiles, business processes, telecommunications, and on and on.

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