Global Growth in 2016 – Cities Carrying the Weight of Nations

by Jörgen Eriksson on December 3, 2015

Screenshot 2015-12-03 13.30.48

Growth in global trade volumes has slowed in recent years, thanks to a slow economic recovery from the financial crisis, increased use of internet based services which is not tracked in statistics, and the changing structure of the Chinese economy. Maybe also new production techniques with cheaper local production in the advanced economies can be one reason. However there has been a number of new multilateral trade agreements since the Doha round of world  trade talks fell apart in 2008.

I recently participated in a seminar where we discussed the growth of regional trade, and according to the Economist, much of the focus in trade liberalisation has shifted to regional trade agreements (RTAs). The number of RTAs has risen from around 70 in 1990 to more than 270 in 2015.

In alignment with this, PWC today published a set of interesting blog articles and reports, where they conclude that news of de-globalization are premature. As PCW argues, economic integration at the regional level, within Asia, Europe and  Africa, continues to make progress.

Screenshot 2015-12-03 13.37.37Adam Smith wrote already in The Wealth of Nations on how the commerce of towns contributed to the improvement of the country. Today with the growth of urbanised areas and decline of countryside and small towns, this is more true than ever.

PCW also argue that skilled people are on the move across Asia Pacific in big numbers, from engineers to shipping channel pilots to nurses. In a report, prepared for business advisors to Asia-Pacific Economic Cooperation (APEC), PwC takes a look at cross-border talented worker mobility. The report concludes with three principles for developing “supra talent” in Asia Pacific considering some ideas to improve conditions for international workers and businesses, as well as talent receiving and sending APEC economies. We recommend reviewing these blog articles and reports. It provides for a refreshing read.

About Jörgen Eriksson :

Jörgen Eriksson is the founder of Bearing and is the Chairman of the firm since it was created. He has successfully expanded Bearing into covering projects on four continents. He is also Adjunct Professor of Innovation Management at the International University of Monaco and at Universitat Politècnica de Catalunya in Barcelona and he is an active member of the Founders Alliance organisation.

Working with consulting engagements across Bearings practices, he has over the past fifteen years participated in and supervised a large number of client projects, from innovation system development and place development and branding, to merger and acquisition assignments and leading edge research and business development activities for key clients.

His new book, Branding for Hooligans, will be published in 2015. It is about how innovation and branding are key survival factors in our modern times of hyper competitive markets.

Prior to Bearing, he was Director of Europe, Middle East, and Africa for Trema Treasury Management, a technology and consulting services provider, supplying financial software solutions for the global financial industry, Clients included The European Central Bank, Citibank, SEB, South African reserve Bank, Deutsche Bank, Abu Dhabi Investment Authority (ADIA), as well as many other large financial institutions and Fortune 500 companies.

Early in his career Eriksson was educated at the Stockholm School of Economics, where he studied economics, financial economics and philosophy. He then worked in Scandinavian investment banks and also for the Swedish Institute of National Defense Research.

You can contact Jörgen on e-mail, connect on LinkedIn onörgen-eriksson/0/38/8a0/ and follow him on twitter on joreri508.

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