Despite weak growth in 2012 and an uncertain economic outlook in many markets for 2013, globalization is still increasing among a majority of the world’s 60 leading economies according to Ernst & Young’s annual globalization report launched at Davos.
- Growth in globalization driven by technology and cross-border flow of ideas
- Concerns remain that protectionism in developed markets and BRICs likely to increase in 2013
- Non BRIC rapid growth markets become more globalized and attract more focus
- Rebound in investment interest in some developed markets