Seize Golden Opportunity of Rapid Globalization

Current debates on China focus on its growing economic strength as a threat to the West. But China, moving from a rural to an urban economy, can also offer opportunity for the West. Over the next five years China will build more than 300 new cities, requiring expertise on infrastructure, financing and environmental protection. With China’s growing influence, the author says, world financial markets and institutions can “adopt new strategies, create new products and adapt to rapid change.” Investors can “bundle” investments that cross multiple geographical territories in creative ways. Globalization will create new opportunities as developing and developed economies merge. With unprecedented speed of global change, strategy and innovation will determine the winners in the new world economy. – YaleGlobal