Now, one in three goods crosses national borders, and more than one-third of financial investments are international transactions.
Global flows are creating new degrees of connectedness among economies-and playing an ever-larger role in determining the fate of nations, companies, and individuals to be unconnected is to fall behind.įlows of goods, services, and finance reached $26 trillion in 2012, or 36 percent of global GDP, 1.5 times the level in 1990.
But today, the movement of goods, services, finance, and people has reached previously unimagined levels. Global flows have been a common thread in economic growth for centuries, since the days of the Silk Road, through the mercantilist and colonial periods and the Industrial Revolution.
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