Opinion
Globalization in the Trump Era
— September 2, 2020

By Pankaj Ghemawat
By Pankaj Ghemawat
A week after Donald Trump's inauguration, when the fear of a trade war was particularly great, the Economist headlined: "The Retreat of the Global Company". In this story, the British business magazine wrote that the biggest business idea of the past three decades was in enormous difficulty: size and arbitrage no longer offered a competitive advantage. Jeffrey Immelt, then Chairman and CEO of the American conglomerate GE, meanwhile spoke of a "bold turnaround" for his company - away from globalization and towards localization.
Read the full Harvard Business Manager article here.
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Pankaj Ghemawat is Professor of Management and Strategy and Head of the Center for the Globalization of Education and Management